In a special edition of Speaking of Settlements we have posted an interview with Matt Bracy on the recent decision in California regarding the issues surrounding JG Wentworth and their 321 Henderson Receivable's affiliate.

The California Fifth Appellate District Court of Appeal suprised some commentators and reversed decisions by two Superior Court judges in Fresno County, CA regarding the performance and actions of the JG Wentworth affilate in relation to the California Structured Settlement Transfer Act.

There is a lot more to this case then meets the eye, as it is largely a procedural decision regarding Wentworths attempt to withdraw a transfer petition in court and the refusal of the judges to allow that attempt. At it's core this was an important decision for both the structured settlement industry as well as the factoring companies as it helped to clarify the issue that a transfer order approved by another California judge could not be over ruled by another judge and that settlement transfer orders are final. Both sides of the settlement industry depend on the premise that transfer orders are final and can't be over ruled so this is good news, but I would hardly mark it up as a victory for anyone. A clarification of process certainly and a welcome one at that.

Listen to Matt Bracy report on the impact and details of this matter on The Settlement Channel.