Structured Settlements in Maine

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Structured Settlements in Auburn, Augusta, Bangor, Biddeford, Brunswick, Lewiston, Portland, Sanford, Scarborough, South Portland Maine by structured settlement expert John Darer at 888-325-8640.  Structured settlements expert John Darer reviews the latest structured settlements news and information and provides expert opinion and commentary, including settlement planning issues/ ideas for settlement management, incisive Structured Settlement Watchdog® commentary that may be helpful to lawyers, plaintiffs, claims adjusters, judges, the news media, sellers and buyers of structured settlement receivables,and interested others. The style is spicy, informative, irreverent and effective. The most prolific structured settlements blog, Now in 19th Year! Check back daily for something new. Read more about What is a Structured Settlement? What is Settlement Planning? Structured Settlements for Minors Structured Settlements for Seniors

An April 29, 2010 complaint against JG Wentworth posted on complaintsboard.com, a South Addison Maine woman describes the horror show that a woman with closed head injury allegedly suffered at the hands of JG Wentworth in a chilling warning to state and federal governmental regulators.

According to the complaint "Kathryn survived a head on car accident with a drunk driver, Kate's head injuries were severe. After a lot of thought and planning, a structured settlement was set up for Kathryn to have a lifetime income starting in May 1987. Kate has been receiving payments monthly for income. We have just discovered that JG Wentworth convinced Kate in August 1996 to take part of her settlement out of Liberty Mutual. This decision has reduced her income leaving her only able to afford a studio apartment, no transportation and with very little spending money. JG Wentworth with its exorbitant interest rates. has received $416,000.00 from her repayments.for the $152,300.00 which Kate took out of her life income.

Due to her physical and mental diminishment (sic) caused by a head injury in the car accident in 1980( in which her mother was killed, ) Kate is not competent to reorganize the carefully thought out dispensation from Liberty Mutual. She is in no way competent to make major decisions regarding the dispensation of that money.

She was a victim and led astray. Kate does not have employment and she may never be employed because of her deficiencies. We want her to feel capable and responsible. That is the way we want her to feel, but she is not able to be responsible for making any life changing decisions such as the contract that JG Wentworth made with her. She told us that JG Wentworth called her once or twice a day to entice her to withdraw in lump sums, her lifetime income. She was coerced give in and agree to take the money. All to late, we now have heard that those repeated phone calls began each time that a contract with JG Wentworth was completed. They convinced her to take out another loan, at least three or more times...She will not be out from under JG Wentworth until 2013".

While today, structured settlement factoring transaction require judicial approval you must remember that once you finalize one of these deals there's really no way to turn back.

J.G. Wentworth is invited to comment.

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