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Peachtree Settlement Funding to Exhibit at National Association of Bankruptcy Trustees Convention In NYC.


BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Peachtree Settlement Funding will exhibit in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 at the National Association of Bankruptcy Trustees annual 5-day convention August 17 through August 21.

As the new Bankruptcy Reform Act becomes law in October, it will become more difficult and expensive for debtors to file for bankruptcy. Peachtree has been developing a bankruptcy strategy aimed at helping debtors, who own a structured settlement or annuity annuity: see insurance.
annuity

Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities.
, avoid filing bankruptcy. More importantly, Peachtree can assist Bankruptcy Trustees, who are responsible for liquidating all assets in a bankruptcy file, by converting structured settlements or annuities into cash for the bankruptcy estate.

Peachtree is one of the nation's largest specialty-factoring companies that purchase structured settlements and self-owned annuities.

Deborah Benaim, Peachtree Vice President and Director of the Structured Settlements division, commented, "We are always looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 innovative ways to expand our services, the NABT NABT National Association of Biology Teachers  convention is an ideal way for us to introduce our services to the bankruptcy trustees."

Background

Congress recently passed sweeping changes to the Bankruptcy Code Bankruptcy Code may refer to:
  • Bankruptcy in Canada
  • Bankruptcy in the United States
  • Bankruptcy in China
, designed to restrict the availability of a discharge in Chapter 7 bankruptcy and substantially reduce the relief available in Chapter 13 bankruptcy. The new bankruptcy law is designed to make filing for bankruptcy more difficult and expensive.

About Peachtree Settlement Funding

Peachtree Settlement Funding is a specialty factoring company, which allows recipients of future cash flows to obtain an immediate lump sum Lump sum

A large one-time payment of money.
 in exchange for all, or a portion of, those future sums. Peachtree is the nation's leading specialty-factoring company and caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on under-served markets.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 17, 2005
Words:309
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