In Re: Jackson

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# Case Name Case Number Tentative 1. In Re: Jackson 2026-01580778

Before the court is the hearing on the unopposed petition of petitioner J.G. Wentworth Originations, LLC (Petitioner) for approval of transfer of certain structured settlement payment rights. As more fully set forth below, the petition is GRANTED.

Under the proposed transfer, payee and real party in interest Alden Jackson (Payee) would transfer to Petitioner the right to receive 24 monthly payments of $800 starting March 7, 2027, to February 7, 2029, two annual payments of $10,000 on March 7, 2027, and March 7, 2028, one lump sum payment of $50,000 on March 7, 2031, one lump payment of $50,000 on March 7, 2036, one lump sum payment of $100,000 on March 7, 2041, and one lump sum payment of $36,854.36 on March 7, 2046. These future payments total $276,054.36 and have a discounted present value of $169,589.65. In return for transferring the right to receive these payments, Payee will receive a current lump sum payment of $110,000, which represents 64.86 of the discounted present value and means the transaction has an equivalent interest rate of 10.70 percent.

The court has received and reviewed the following documents and all exhibits and document attached thereto: (1) the verified petition (ROA 2); (2) the declaration of Payee in support of the petition (ROA 5); (3) the notice of hearing (ROA 4); and (4) the notice of filing compliant purchase contract signed on June 16, 2026 (ROA 12).

Based on those documents and exhibits, the court makes the following findings as required by Insurance Code sections 10137 and 10139.5(a): (1) The transfer is fair and reasonable and in the best interest of Payee, taking into account the welfare and support of his dependents; (2) Payee has been advised in writing by Petitioner to seek independent professional advice regarding the transfer and has either received that advice or knowingly waived, in writing, the opportunity to receive the advice; (3) Petitioner has provided Payee with a disclosure form that complies with Insurance Code section 10136, and the transfer agreement complies with Insurance Code sections 10136 and 10138; (4) The transfer does not contravene any applicable statute or the order of any court or other government authority and otherwise complies with the requirements of Insurance Code section 10134, et seq.; (5) Payee understands the terms of the transfer agreement, including the terms set forth in the disclosure statement required by Insurance Code section 10136; and (6) Payee understands and does not wish to exercise his right to cancel the transfer agreement.

In addition, Petitioner has established Payee’s residence and that venue is proper in this court. Based on the foregoing, the petition is GRANTED. Petitioner’s counsel is ordered to submit a proposed order approving the transfer consistent with the requirements of Insurance Code section 10134 et seq., and to give notice of this ruling.

2. McKinney vs. Piecemakers 2018-00983085

Before the court is the motion to appoint a receiver filed by plaintiff and judgment creditor Michelle McKinney (Creditor). As more fully set forth below, the motion is DENIED.

Creditor requests the court appoint a receiver for the purpose of carrying out the monetary judgment entered in this action, including but not limited to, taking possession of and selling the real property located at 1920 Swan Drive, Costa Mesa, California, which is allegedly owned, at least in significant part, by defendant and judgment debtor Douglas Follette (Debtor).

Creditor moves for appointment of the receiver pursuant to Code of Civil Procedure section 564, subdivision (b)(3). That code section provides a receiver may be appointed by the court in which an action or proceeding is pending