Factoring of Structured Settlements and The Ceron Case

As factoring companies continue to inundate the airwaves with their high pitched promises of ready cash for structured settlements, vulnerable consumers in this tough economy are finding it more difficult to resist the hard sell; with many receiving far less than fair market value. On this edition of Ringler Radio, host Larry Cohen welcomes co-host, Jim Early and special guest, Attorney Peter J. Vodola of Seiger Gfeller Laurie LLP to discuss how the current legal system looks at these transactions. Peter explains how Ceron v. Henderson, a recent California case, has been impacting the factoring practice. He also reviews the scope of various state legislative efforts trying to provide greater protection for structured settlement recipients.