A company is seeking the court’s approval to transfer a series of structured settlement payment rights from a Texas man.
Derrick Dewayne George Sr. filed a transfer of structured settlement payment rights July 21 in the Jefferson County District Court.
According to the filing, George has agreed to transfer his settlement payments on July 1, 2017, through Jan. 1, 2023, to Applicant Access Funding. The 12 scheduled payment transfers range from $2,000 to $8,000 for a total value of $52,000, according to the application.
George executed a Purchase and Sale Agreement dated on or about July 17 in which he agreed to assign and transfer the assigned payments to transferee access funding and/or its successors and assigns, the suit states. The transfer is in the best interest of George, taking into account the welfare and support of his dependents.
Applicant Access Funding will be represented by Earl S. Nesbitt, David S. Vassar and J. Brian Dear of Nesbitt Vassar & McCown in Addison.
Jefferson County District Court case number D195-902
This is a report on a civil lawsuit filed at the Jefferson County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.