Your Day in Court

Preparing to Appear in Court

You have completed your purchase contract. You have reviewed everything and you have reviewed the questions that you will likely be asked by the judge with your representative. You are ready when your court date arrives.

On the day of your hearing, here are a few things you can do to make the process go as smoothly as possible:

  • Bring valid, official photo ID
  • Dress professionally to show the judge you are taking the matter seriously
  • Bring any documents showing what you want to do with your lump sum
  • Arrive early. Courtrooms are busy and being on time is a great way to make a good impression.

What Questions You Can Expect

It is the judge’s responsibility to review your transaction to make sure that it complies with your state’s structured settlement protection act, and that you understand it. Most of these questions fall into one of three broad categories:

Do You Understand the Agreement?

The judge will ask you questions about the terms of the transaction and if you understand what everything means, including how it changes your payment stream.

Are You Comfortable with the Financial Impact?

Selling some or all of your payments will have an impact on your finances since it changes your payment stream. The judge might ask you questions about your budget to make sure you’ve thought about how you will cover costs without the payments you are selling.

What Are You Doing With The Money?

Your structured settlement is your money and we believe that you should get to spend it when you need it. However, getting a lot of money all at once can alter your finances, and a judge wants to make sure you have thought it through. If this question makes you anxious, your representative can help you prepare some paperwork that shows how you will use the money. That should make this an easy question to answer.

Do I Need a Lawyer?

While having to appear before a judge makes selling your structured settlement payments seem like a court case on TV, the reality is a lot less dramatic. We will always send a lawyer to your hearing to manage the proceeding and represent Peachtree’s interests as the party purchasing your payments. However, it is important to remember that they are not your attorneys. They represent Peachtree during the proceedings and cannot answer any questions the judge asks you on your behalf. It is up to you to decide whether you want to have a lawyer represent you at the hearing.

Final Approval

After asking their questions and reviewing the transaction, the judge decides if he or she will approve the transaction. Each state has different requirements, but with our experience buying structured settlement payments, we are confident that our transactions comply with all laws.

Once the judge approves the transaction, we can finalize the process and send you your cash lump sum. All you have to do is wait for your money.

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All transactions are at Peachtree’s sole discretion and are subject to court approval and other underwriting requirements. Peachtree does not provide legal, tax, or financial advice Please consult with appropriate independent professionals for such advice.

Call 1-800-317-1962 and speak with a representative today!