Petition for approval of transfer of structured settlement payment rights
petitions (ROA 13); (4) the various notices of hearing (ROA 9, 24); and (5) the declaration of Michael Rodden (ROA 30). Based on those documents and exhibits, the court makes the following findings as required by Insurance Code sections 10137 and 10139.5(a): (1) The transfer is fair and reasonable and in the best interest of Payee, taking into account the welfare and support of her dependents; (2) Payee has been advised in writing by Petitioner to seek independent professional advice regarding the transfer and has either received that advice or knowingly waived, in writing, the opportunity to receive the advice; (3) Petitioner has provided Payee with a disclosure form that complies with Insurance Code section 10136, and the transfer agreement complies with Insurance Code sections 10136 and 10138; (4) The transfer does not contravene any applicable statute or the order of any court or other government authority and otherwise complies with the requirements of Insurance Code section 10134, et seq.; (5) Payee understands the terms of the transfer agreement, including the terms set forth in the disclosure statement required by Insurance Code section 10136; and (6) Payee understands and does not wish to exercise her right to cancel the transfer agreement.
Moreover, through Payee’s supplemental declaration Petitioner has established Payee’s residence and that venue is proper in this court. Based on the foregoing, the second amended petition is GRANTED. Petitioner’s counsel is ordered to submit a proposed order approving the transfer consistent with the requirements of Insurance Code section 10134 et seq., and to give notice of this ruling.
7. In Re: Holmes 2026-01572990 Before the court is the unopposed petition of petitioner Peachtree Settlement Funding, LLC (Petitioner) for approval of transfer of certain structured settlement payment rights. Under the proposed transfer, real parties in interest and payee Philana Holmes (Payee) would transfer to Petitioner the right to receive one payment of $50,000 on May 25, 2029, in exchange for a current, lump sum payment of $34,250. The payment Payee proposes to transfer has a present value of $43,525.85, which means Payee will receive 78.68% of that value and the transaction has an equivalent interest rate of 13.05%.
The court has received and reviewed the following documents and all exhibits and document attached thereto: (1) the petition, the exhibits thereto, and the amended exhibits thereto (ROA 2, 18) (2) the declarations of Payee in support of the petition (ROA 5, 15); (3) the notice of filing all prior petitions (ROA 11); and (4) the notice of hearing (ROA 4). Based on those documents and exhibits, the court makes the following findings as required by Insurance Code sections 10137 and 10139.5(a): (1) The transfer is fair and reasonable and in the best interest of Payee, taking into account the welfare and support of her dependents; (2) Payee has been advised in writing by Petitioner to seek independent professional advice regarding the transfer and has either received that advice or knowingly waived, in writing, the opportunity to receive the advice; (3) Petitioner has provided Payee with a disclosure form that complies with Insurance Code section 10136, and the transfer agreement complies with Insurance Code sections 10136 and 10138; (4) The transfer does not contravene any applicable statute or the order of any court or other government authority and otherwise complies with the requirements of Insurance Code section 10134, et seq.; (5) Payee understands the terms of the transfer agreement, including the terms set forth in the disclosure statement required by Insurance Code section 10136; and (6) Payee understands and does not wish to exercise her right to cancel the transfer agreement.
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Moreover, through Payee’s supplemental declaration Petitioner has established Payee’s residence and that venue is proper in this court. Based on the foregoing, the petition is GRANTED. Petitioner’s counsel is ordered to submit a proposed order approving the transfer consistent with the requirements of Insurance Code section 10134 et seq., and to give notice of this ruling.
8. In Re: 17150 Fremont Lane, Yorba Linda, CA 92886 2025-01526961 On November 13, 2025, petitioner Clear Recon Corp (Petitioner) filed the petition regarding unresolved claims and deposit of undistributed surplus proceeds of trustee’s sale under Civil Code section 2924j. Petitioner filed the petition following a trustee’s sale pursuant to a deed of trust conducted on January 22, 2024, regarding the property located at 17150 Fremont Lane, Yorba Linda, California 92886 (Property). After paying off the trust deed, all senior liens, and undisputed claims, Petitioner sought to deposit the surplus funds of $393,366.84 with the court and be discharged from responsibility for distribution of the surplus funds.
The court conducted a hearing on the petition on March 5, 2026. Prior to that hearing, claimant Xin Yang (Yang) filed a claim to the entirety of the surplus funds. At the hearing,