PINEVILLE - Peachtree Settlment Funding LLC filed a Petition for Approval of a Transfer of Structured Settlement Rights in the Wyoming County Circuit Court on Nov. 20.
According to its petition, Peachtree is seeking approval of an agreement it made with Ricky Cadle Sr. concerning the transfer of rights to receive money under a structured settlement.
Cadle is receiving payments from a settlement reached in October 2005 following a his personal injury claim. Cadle now seeks to sell a portion of the periodic payments to Peachtree in return for a lump sum.
Cadle is due to receive 77 monthly payments of $1,138 beginning January 2015 and ending May 2021. Peachtree has agreed to buy this portion of the payments from Cadle for $47,000.
Peachtree is being represented by Jason S. Long.
Wyoming County Circuit Court Case No. 13-C-179