Peachtree Financial Solutions

Press Releases

Feb 22, 2010 : Peachtree Completes Transaction for Life Contingent Structured Settlement Fund

Boynton Beach, FL – February 22, 2010: Peachtree Settlement Funding is proud to announce that in December 2009, it completed a transaction with a large European bank in which a sizable portfolio of life contingent structured settlement payments were sold.


“We are gratified that we were able to close this transaction and believe this is the first closed end fund of its kind,” said Sergio Salani, Peachtree’s Senior Vice President.


Life contingent structured settlements are periodic payments that a claimant accepts from an insurance carrier in order to settle a tort dispute. These payments will be paid by the carrier at the agreed time if the claimant is still alive. If claimants are in need of liquidity, they may sell a portion of these future payments in compliance with strict statutory guidelines.


“Closing another institutional financing transaction in this current economic environment demonstrates the strength of the Peachtree brand and the inherent value of the assets we originate,” said Jason R. Sutherland, Peachtree’s Vice President-Legal Affairs.


About Peachtree


The Peach group of companies (noted herein as Peachtree, Peachtree Financial or Peachtree Financial Solutions), includes, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding, Peachtree Attorney Cost Financing, Peachtree Life Settlements, Peachtree Special Asset Funding and Peachtree Advanced Life Solutions. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured settlement payments, annuity payments, life insurance policies, lottery prize payments, sweepstakes awards, and sports contract payments. In addition, Peachtree also provides cash advances to people with pending personal injury claims and offers turnkey marketing programs to the insurance distribution marketplace. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information about Peachtree, please contact Dana Peller at (866) 931-2683. Peachtree’s corporate website address is www.peachtreefinancial.com