BECKLEY – A limited liability company is requesting the court's approval of a transfer of structured settlement payment rights.
Stone Street Capital LLC filed a
petition for a structured payment by Chuck Taylor Wiseman in Raleigh Circuit Court. Other parties involved
include American General Annuity Service Corporation, the obligator, and
American General Life Insurance Company, the issuer, both from Houston.
The suit states that Wiseman receives tax-free payments from a structured settlement. Wiseman
allegedly entered into an agreement that had
American General Annuity Service Corp.
make periodic payments to
allegedly decided to
sell a portion of those payments because he needed to pay for property taxes,
utility bills, child care and schooling, and has
agreed to make 180
monthly payments of $250 from June 25, 2020 through May 25, 2035, to Stone Street.
Stone Street Capital is requesting that the petition be
approved. It is represented by Robert L. Bandy of Kay Casto &
Chaney PPLC of Charleston. It has been assigned to Circuit Judge Robert A. Burnside Jr.
Raleigh Circuit Court case number 16-C-562