As factoring companies continue to inundate the airwaves with their high pitched promises of ready cash for structured settlements, vulnerable consumers in this tough economy are finding it more difficult to resist the hard sell; with many receiving far less than fair market value. On this edition of Ringler Radio, host Larry Cohen welcomes co-host, Jim Early and special guest, Attorney Peter J. Vodola of Seiger Gfeller Laurie LLP to discuss how the current legal system looks at these transactions. Peter explains how Ceron v. Henderson, a recent California case, has been impacting the factoring practice. He also reviews the scope of various state legislative efforts trying to provide greater protection for structured settlement recipients.
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State legislatures have recognized the need to protect people who have structured settlements. On this edition of Ringler Radio, host Larry Cohen welcomes Ringler colleague, Jim Early, Senior Vice President-Eastern Region out of New Hampshire welcomes Attorney Peter Vodola from the law firm of Seiger, Gfeller, and Laurie in West Hartford, Connecticut, to discuss the California Structured Settlement Protection Act. They will discuss this new legislation, factoring and the role of the factoring companies and how this act will ultimately protect consumers.