IN RE A TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS BY LAUREL J. SHANKS - Articles

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IN RE A TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS BY LAUREL J. SHANKS

Posted by: Tanja Trezise on May 27, 2014

Court: TN Court of Appeals

Attorneys 1:

Jason H. Long, Knoxville, Tennessee, for the appellant, JG Wentworth Originations, LLC.

Attorneys 2:

Paul W. Kruse, Chris Raybeck, and Olatayo O. Atanda, Nashville, Tennessee; and E. John Gorman, Houston, Texas, pro hac vice, for the appellee, RSL Funding, LLC.

Judge(s): FRIERSON

The respondent financial services company appeals the trial court’s entry of an order approving a transfer of the payee’s structured settlement payment rights to the petitioner financial services company and its assignee, pursuant to Tennessee’s Structured Settlement Protection Act (“SPPA”). See Tenn. Code Ann. §§ 47-18-2601 to 2607 (2013). The trial court found that the transfer at issue met all statutory requirements. On appeal, the respondent company raises the issue of whether the transfer order contravened two prior court orders partially transferring the payee’s structured settlement payment rights to the respondent and if so, whether this contravened applicable law under the SSPA. Discerning no error, we affirm.

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