The short version: if you receive periodic payments from a settled case, you can usually sell some or all of them for a lump sum. Every state requires a judge to approve the transfer, which protects you and takes roughly 45-90 days. You do not need your original lawyer, and it costs nothing to find out what your payments are worth.
You can usually sell if...
- ✓ Your case is settled and payments are flowing (or scheduled) from an annuity or similar arrangement
- ✓ You are the payee, and you are an adult (or the court-approved guardian of a minor payee)
- ✓ You have a real reason a judge can find in your best interest: debt, housing, medical bills, a business, education
Where it gets harder
- • Your lawsuit has not settled yet. There is nothing to sell until there is a settlement. (Pre-settlement funding is a different industry, with different risks; we do not offer it.)
- • Workers' comp and certain government payments have extra restrictions that vary by state.
- • A judge has denied a similar request recently. Courts look for a plan, not a pattern.
Not sure which bucket you are in? Ask us. We buy categories some large companies exclude, and telling you "no, and here is why" costs you nothing.
What the judge actually checks
Your state's Structured Settlement Protection Act requires the court to find the transfer is in your best interest, considering your needs and those of your dependents. The judge sees the full terms, including the discount rate. That is why we put the rate in writing from the first offer: the number gets shown to a judge either way. Our court approval success rate is 95%, because we do not bring weak petitions.
Do I have to sell everything?
No, and most people should not. Selling a portion of your payments solves the immediate need while the rest of your schedule keeps arriving. Judges approve partial sales more readily, too.
* Cash advance availability, amounts, and timeframes vary based on individual circumstances (typically up to $1,000, within 24 hours of qualifying, where offered). Cash advances are offered and made solely by Genex Capital Corporation at its sole discretion and are subject to its underwriting requirements, including: (1) execution and return of a payment purchase contract and all documents required to begin the purchase process; (2) confirmation that you receive periodic settlement payments; (3) a determination that you may enter into an agreement to sell all or a portion of those payments; (4) a determination that the purchase transaction is likely to receive court approval under applicable state law; and (5) satisfaction of underwriting guidelines. Available only to U.S. citizens or permanent legal residents who have reached the age of majority in their state of residence.
** Genex Capital Corporation will pay you $1,000 if it cannot beat a qualifying offer from another payment purchasing company. To qualify: (1) you must provide a written quote from another payment purchasing company, signed by an authorized representative and dated within three business days of the date you submit it ("Qualifying Quote"); (2) if Genex Capital is unable to beat the Qualifying Quote's purchase price, you will receive written notice within three business days of receipt; and (3) the $1,000 is due and payable upon written confirmation that the transaction funded at the quoted purchase price, and that funding must occur within ninety days after you receive written notice that Genex Capital cannot beat the Qualifying Quote. Quotes issued under an annuity issuer's own buyback or hardship program (including the Berkshire Hathaway Hardship Exchange Program) are not Qualifying Quotes. Limit one offer per customer. Not available where prohibited.
This website is operated by Genex Capital Corporation. All offers to purchase settlement payments, all purchases, and all cash advances are made by Genex Capital Corporation and its affiliated companies (A+ BBB rating). We are not a lender or a law firm, and we do not provide legal, tax, or financial advice; consult independent professionals before selling. Every transfer of settlement payment rights requires approval by a judge under applicable state law, and no transaction is final without that approval. Since 2003, $1.2 billion in payments transacted, 50,000+ clients served, and 95% approval success are figures reported by Genex Capital Corporation.
