Individuals who want to get “cash now” by selling a structured settlement will have to tell a judge why, under a new rule of civil procedure promulgated June 15 by the Pennsylvania Supreme Court.
Designed to provide trial court judges with information to help them determine whether a transfer of settlement rights is in the best interest of the recipient or his or her dependents, the new rule closely tracks recommendations by Allegheny County Common Pleas Judge R. Stanton Wettick Jr. in a 2006 opinion rejecting a buyout.
