The following is the structured settlement case of R & P Capital Resources, Inc. v. Metropolitan Life Ins. Co., 2 Misc.3d 220, 772 N.Y.S.2d 461, 2003 N.Y. Slip Op. 23830 (N.Y.Sup. 2003).

 Supreme Court, New York County, New York.

I.A.S. Part 55.

In the Matter of the Petition of R & P CAPITAL RESOURCES, INC. and Jerry L. Hildreth, Sr., Petitioners,

v.

METROPOLITAN LIFE INSURANCE COMPANY and Metropolitan Insurance and Annuity Company, Respondents.

Oct. 28, 2003.

Glazer & Kemel, Blauvelt (Martin M. Glazer of counsel), for petitioners.

DECISION, ORDER and JUDGMENT

JANE S. SOLOMON, J.

This decision on the petition by R & P Capital Resources, Inc. and Jerry L. Hildreth, Sr. for approval of a transfer of structured settlement payments addresses a significant issue of first impression regarding the extent of this court’s jurisdiction under the New York Structured Settlement Protection Act (General Obligations Law §  5-1701, et seq.)  (”SSPA”).  Notwithstanding the fact that petitioners failed to respond to an order to show cause why the petition should not be denied, this decision is issued. Read the rest of this entry »

Structured settlements are permitted in New York just like in every other state. The more difficult issues involving structured settlements arise when someone in New York wants to sell structured settlement or buy a structured settlement in New York. For this, you should definitely get the assistance of an attorney in New York. Read the rest of this entry »