When you have determined that you need cash now and therefore cannot wait for your structured settlement or annuity payments over time, your customer representative at CBC will prepare a lump sum payout offer for you. Once you have accepted our cash for structured settlement offer, we will provide you with the required documents. You may choose to have these examined by your own attorney before they are signed and notarized.
As soon as you return the documents to us, we will process them and have our attorney file them with the local court. This is the longest part of the process; scheduling a date for the hearing can take up to 30 days, and the hearing itself may not take place for another 10 to 14 days, depending on how many hearings are pending.
The hearing itself is usually no more than 15-20 minutes; such petitions to sell a structured settlement are regularly approved. There is always a chance that the judge may have questions as to whether or not such a cash settlement is in your best interest. In this case, you or your attorney should be prepared to explain in detail the reasons for wanting to complete the transaction and your uses for the proceeds.
Assuming there are no objections from the court and the judge approves the transaction, the order is then sent to the appropriate party (the payer) for acknowledgment. You should then receive a wire transfer of your structured settlement payout within 24-72 hours of receipt of a final court order.
CBC Settlement Funding can provide you a lump sum of cash for all or part of your structured settlement payments. Our professional customer representatives will walk you through every step of the structured settlement process and make it as simple and stress-free as possible.