Required Reading

Structured News

All Structured News >

 

Structured Settlement Federal Tax Info Links

Did You Know?

Money in the future is worth less than money today.

To think of it in simple terms, if you loaned a person $1000 today and they said they would return the $1000 in 10 years. You lose all the value of today's money and future interest if you invested the $1000 in your savings account over the same 10 years. Also inflation and prices of almost everything increases in 10 years. There is also the risk if the person will pay it back and on time.

So you would not be able to buy as much with that $1000 that would be returned in 10 years. So $25,000 paid in 50 payments of $500 per month for next 4 years, may be worth today $18,506.44 +- or less. There is also the un measurable factor of  "Needing a large amount of money now". To get super technical if your up for it you can read an economics presentation outline from the University of Wisconsin with examples of present value and the value of money. Read More >

Do you have a structured settlement? Are you set to receive future payments for a lawsuit settlement? If so, you may be able to sell your future payments and get a large amount of cash for the payments. Get started >

Sell Your Future Settlement Payments For CASH


< Go Back

Structured Settlement Guide For Pennsylvania

Below is local Pennsylvania information related to courts, and structured settlement topics. You may have to visit or phone call a local Pennsylvania courthouse when working with your structured settlement.

Pennsylvania Settlement News

- No current PA settlement news at this moment, please check back.

Submit a news story from the web or your own settlement story:

Name:  
Email:  
Story or URL web link to story:
 

Pennsylvania City Court Pages

Click to go to Site: Pennsylvania Main Court Pages
Click to go to Site: Pennsylvania Courts of Common Pleas
Click to go to Site: Commonwealth Court of PA

The following Pennsylvania cities have court inform ation at above links:

  • Philadelphia
  • Pittsburgh
  • Allentown
  • Erie
  • Reading
  • Scranton
  • Bethlehem
  • Lancaster
  • Levittown
  • Altoona
  • Harrisburg
  • Penn Hills
  • Wilkes-Barre
  • York
  • State College

Structured Settlement Pennsylvania State Laws

Rule 229.2. Petition to Transfer Structured Settlement Payment Rights. (a) Words used in this rule, which are defined by the Structured Settlement Protection Act, shall have the meaning set forth in the Act. Official Note See Section 2 of the Act, 40 P. S. § 4002, which defines numerous terms including ‘‘best interests,’’ ‘‘dependents,’’ ‘‘payee,’’ ‘‘structured settlement obligor,’’ and ‘‘structured settlement payment rights.’’ (b) A petition to transfer structured settlement payment rights shall be filed in the county in which the payee is domiciled. Official Note See Section 4 of the Act, 40 P. S. § 4004, providing that the court of common pleas of the judicial district in which the payee is domiciled shall have jurisdiction over the petition. (c) The parties to the petition shall be the payee and the transferee. (d) The petition shall be verified by the transferee and shall contain: (1) a statement setting forth the payment provisions of the structured settlement agreement and the payment rights that the payee seeks to transfer, (2) separate paragraphs which in bold type set forth (i) the net amount payable to the payee after deduction of all commissions, fees, costs, expenses, and charges, and (ii) the following statement setting forth the interest rate: ‘‘Based on the net amount that the payee will receive from this transaction ($ ) and the amounts and timing of the structured settlement payments that would be assigned, the payee is, in effect, paying interest at a rate of % per year.’’ (3) four attachments: (i) a Payee’s Affidavit in Support of Petition, in the form prescribed by subdivision (f) as Attachment 1, (ii) an initial order of court scheduling the hearing, in the form prescribed by subdivision (g), (iii) a certification by an attorney for the transferee representing to the best of his or her knowledge, information and belief, formed after reasonable inquiry, that the transfer will comply with the requirements of the Act and will not contravene any other applicable federal or state statute or regulation or the order of any court or administrative authority, and (iv) a final order of court granting the petition, in the form prescribed by subdivision (i)...

* See more and actual structured settlement statutes at Pennsylvania State government law site pages

PA Help Sites Structured Settlement Related Issues