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| Peachtree Settlement Funding to exhibit at National Association of Bankruptcy Trustees convention in NYC Boca Raton, Fla. August 17, 2005, Peachtree Settlement Funding will exhibit in New York City 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, 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 innovative ways to expand our services, the NABT 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, 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 in exchange for all, or a portion of, those future sums. Peachtree is the nations 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. For further information contact PR Manager, Greg Meyer, at 866-274-6534 or e-mail at Gmeyer@lumpsum.com. |
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