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| Peachtree Settlement Funding Satisfies More than One Million Dollars in Child Support Obligations Boca Raton, Fl., September 29, 2005 - Over the past five years, Peachtree Settlement Funding ("Peachtree") has channeled more than $1.3 million to parents who were awaiting child support payments from former spouses. These are child support debts that might not have otherwise been paid, were it not for a company policy that requires liens or judgments to be satisfied when fulfilling a transaction with Peachtree's Structured Settlement Division. When there is a judgment against a claimant who wants to sell all, or a portion of, their structured settlement to Peachtree, the company insists that the court ordered judgment be satisfied first. "It is our internal company-based policy to pay off child support liens. We feel that it is the right thing to do, although the law imposes no duty on us in this regard", said Deborah Benaim, Director of the Structured Settlement Division at Peachtree. This policy has had a significant impact on the lives of Peachtree claimants and their families. In cases where an individual cannot afford to pay child support payments, a transaction with Peachtree may provide the funds to meet all former financial obligations, and often yields additional funds for other needs. With Peachtree's involvement, these individuals achieve a feeling of responsibility, accountability and alleviated burdens. 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 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 several billion dollars of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information you may contact our Public Relations Manager, Greg Meyer, at 866.274.6534 or at Gmeyer@lumpsum.com. |
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