Petition for Approval of Transfer of Structured Settlement Payment Rights
26CV009165: IN THE MATTER OF: BIFCO, LLC, 07/28/2026 Hearing on Petition for Approval of Transfer of Structured Settlement Payment Rights in Department 16C
Tentative Ruling
The Updated Notice of Hearing on Petition does not provide notice of the Courts tentative ruling system, as required by Local Rule 1.06(D). Moving counsel is directed to contact opposing counsel and/or any self-represented litigants forthwith to advise them of Local Rule 1.06 and the Courts tentative ruling procedure. If moving counsel is unable to contact opposing parties prior to the hearing, they shall be available at the hearing in the event an opposing party appears without following the procedures set forth in Local Rule 1.06(B).
The Verified Petition for approval for transfer of structured settlement payment rights by and between Payee Kati Flores (Flores and/or Payee) and BIFCO, LLC (Petitioner), pursuant to California Insurance Code sections 10134, et seq. is UNOPPOSED and GRANTED.
Payee seeks to transfer a payment of $61,799.58 from a future lump sum structured settlement payment due on March 1, 2029, in exchange for a net payment of $50,000.00. The future payment has a discounted present value equal to $53,878.38. The purchase price to be paid to Flores was calculated using a discount rate of 6.5%.
Flores is 37 years old. She is married and has two minor children. She receives a monthly income of approximately $4,400.00 through her employment with the Chief Probation Officers of California. Her husband receives approximately $4,600.00 per month through his employment. Flores does not have any court-ordered child support obligations. The subject settlement occurred in 1998 and resulted from a wrongful death claim. (Flores Decl. ¶¶ 1-3, 11.)
Payee declares that when the original settlement was completed, the future payment that is the subject of this petition was not intended to pay for future medical care and treatment related to the incident that was the subject of the settlement or necessary living expenses. (Flores Decl. ¶¶ 12, 15.)
Payee has had two previous transfers of structured settlement payments approved. In June 2016, she transferred a future payment of $100,000.00 in exchange for approximately $70,000.00. She utilized those funds to pay for some of her living expenses and to supplement her income while she was in school, including to pay off then-existing debt and to assist with the cost of fertility treatments. In January 2020, she transferred a future payment of $108,000.00 in exchange for $83,316.43. She used those funds to make a down payment on her current family home and to pay related
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26CV009165: IN THE MATTER OF: BIFCO, LLC, 07/28/2026 Hearing on Petition for Approval of Transfer of Structured Settlement Payment Rights in Department 16C
expenses. She also used the funds to supplement her income after receiving a challenging medical diagnosis for her son, as she needed to stay home from work at that time. (Flores Decl. ¶ 14.)
If the current petition is approved, Flores avers:
I will use any funds I receive in the event this transaction is approved to pay off credit card debt that has high interest. Specifically, I have a credit card with Southwest with an approximately balance of $12,500.00 that has an interest rate of 23.49%, two Chase Visa cards with a combined balance of approximately $10,000.00 and interest rates of over 25%, a Discover Card with a balance of approximately $8,000.00 and an interest rate of 18.49%, and a Citi Card with a balance of approximately $2,000.00 and an interest rate of 23.49%.
I am employed full time, but I have two young children, and one with special needs. My husband and I pay about $1,500.00 per month in childcare costs and occupational therapy expenses. In addition to our mortgage, car loans, insurance costs, and student loans, we have incurred this debt to assist us in making ends meet. However, we are paying excessive interest at high rates, and we need to reduce the debt to use more of our monthly income for living expenses. Paying off the aforementioned debt will relieve a great deal of stress and anxiety from my life and will enable me to avoid paying the excessive interest rates charged by the companies.
(Flores Decl. ¶ 10.)
The Court finds under Insurance Code section 10139.5 that the proposed sale is:
(1) Is in the best interest of the payee, taking into account the welfare and support of the payees dependents.
(2) The payee has been advised in writing by the transferee 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.
SUPERIOR COURT OF CALIFORNIA COUNTY OF SACRAMENTO
26CV009165: IN THE MATTER OF: BIFCO, LLC, 07/28/2026 Hearing on Petition for Approval of Transfer of Structured Settlement Payment Rights in Department 16C
(3) The transferee has complied with the notification requirements set forth in Insurance Code section 10139.5, subdivision (f)(2); the transferee has provided the 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.
(5) The payee understands the terms of the transfer agreement, including the terms set forth in the disclosure statement required by Insurance Code section 10136.
(6) The payee understands and does not wish to exercise the payees right to cancel the transfer agreement.
Accordingly, the petition is granted.
The Court will sign the Updated Proposed Order submitted on July 22, 2026.
NOTICE:
Consistent with Local Rule 1.06(B), any party requesting oral argument on any matter on this calendar must comply with the following procedure:
To request limited oral argument, on any matter on this calendar, you must call the Law and Motion Oral Argument Request Line at (916) 874-1475 by 4:00 p.m. the Court day before the hearing and advise opposing counsel. At the time of requesting oral argument, the requesting party shall leave a voice mail message: a) identifying themselves as the party requesting oral argument; b) indicating the specific matter/motion for which they are requesting oral argument; and c) confirming that it has notified the opposing party of its intention to appear and that opposing party may appear via Zoom using the Zoom link and Meeting ID indicated below. If no request for oral argument is made, the tentative ruling becomes the final order of the Court.
SUPERIOR COURT OF CALIFORNIA COUNTY OF SACRAMENTO
26CV009165: IN THE MATTER OF: BIFCO, LLC, 07/28/2026 Hearing on Petition for Approval of Transfer of Structured Settlement Payment Rights in Department 16C
Unless ordered to appear in person by the Court, parties may appear remotely either telephonically or by video conference via the Zoom video/audio conference platform with notice to the Court and all other parties in accordance with Code of Civil Procedure §367.75. Although remote participation is not required, the Court will presume all parties are appearing remotely for non-evidentiary civil hearings. The Department 16C Zoom Link is https://saccourt-ca-gov.zoomgov.com/j/16030877014 and the Zoom Meeting ID is 160 3087 7014 *. To appear on Zoom telephonically, call (833) 568-8864 and enter the Zoom Meeting ID referenced above. NO COURTCALL APPEARANCES WILL BE ACCEPTED.
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A Stipulation and Appointment of Official Reporter Pro Tempore (CV/E-206) is required to be signed by each party, the private court reporter, and the Judge prior to the hearing, if not using a reporter from the Courts Approved Official Reporter Pro Tempore list.
Once the form is signed it must be filed with the clerk. If a litigant has been granted a fee waiver and requests a court reporter, the party must submit a Request for Court Reporter by a Party with a Fee Waiver (CV/E-211) and it must be filed with the clerk at least 10 days prior to the hearing or at the time the proceeding is scheduled if less than 10 days away. Once approved, the clerk will forward the form to the Court Reporters Office and an official reporter will be provided. Enter command here