Petition for court approval of proposed transfer
In these proceedings, Petitioner seeks court approval for Payee to transfer four periodic payments including one semiannual payment of $10,000 due on January 1, 2027, one lump sum payment of $25,000 due on May 3, 2027, one lump sum payment of $50,000 due on May 3, 2031, and one lump sum payment of $60,000 due on May 3, 2034. These payments total $145,000 and have a discounted present value of $113,946.41. In exchange for transferring the right to receive these monthly payments, Payee would receive a present, lump sum payment of $61,799.25, which represents 54.24 percent of the payments’ present value and equates to an equivalent interest rate of 19.96 percent if Payee were to take a loan.
The court first heard the petition on June 11, 2026. At that time, Payee appeared and reported she no longer was interested in proceeding with the transaction. There was no appearance by Petitioner. Prior to the hearing, the court posted a tentative ruling pointing out several deficiencies in the petition and the showing in support of it. The tentative was to continue the hearing to allow Petitioner to submit the necessary information. The court ultimately continued the hearing for that purpose and to allow Payee to discuss the transaction with Petitioner.
In connection with the current hearing, Payee has submitted a request for the court to deny the petition. Payee also has submitted a declaration and supporting exhibits showing how she has exercised her right to cancel the transaction under the governing documents. Based on Payee’s expressed desire to cancel the transaction and her demonstrated exercise of her right to do so under the parties’ agreement, the petition is DENIED. Nonetheless, counsel for Petitioner is ordered to appear at the hearing to address why this case was not dismissed or the petition withdrawn in light of Payee’s clearly expressed desire to cancel the transaction. The clerk will be directed to give notice of the court’s order.
7. In Re: CBC Settlement Funding, LLC 2026-01559765 Before the court is the continued hearing on the petition of petitioner CBC Settlement Funding LLC (Petitioner) for court approval of proposed transfer of one lump sum payment payee Brandon Thompson (Payee) is scheduled to receive under a structured settlement. As more fully set forth below, the petition is GRANTED.
Under the proposed transfer, Payee would transfer to Petitioner the rights to one lump payment of $375,000 due on July 6, 2046. The payment has a discounted present value of $150,338.27. In exchange for transferring the right to receive this payment, Payee would receive a present, lump sum payment of $72,000, which represents 48 percent of the payment’s present value and equates to an equivalent interest rate of 8.5 percent if Payee were to take a loan.
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The court has received and reviewed the following documents and all exhibits and documents attached thereto: (1) the petition for approval of transfer of structured settlement payment rights (ROA 2); (2) the declarations of Payee in support of the petition (ROA 2, Ex. 4 and ROA 14); and (3) the various notices of hearing (ROA 10, 16).
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 his dependents (none); (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.
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. Burke vs. Clear Vision Financial, LLC 2025-01529480 Before the court is the motion of petitioners Tina Burke and Christopher Karalis (collectively, Petitioners) for (1) an order enforcing March 26, 2026 order compelling payment of arbitration fees, (2) an order to show cause re contempt, and (3) an award of attorney fees and costs incurred in enforcing the court’s order. This relief is sought against respondent Clear Vision Financial, LLC dba Liberty 1