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IN RE TRANSFER OF STRUCTURED SETTLEMENT RIGHTS BY SPINELLI

803 A.2d 172 (2002)

353 N.J. Super. 459

In re TRANSFER OF STRUCTURED SETTLEMENT RIGHTS BY Joseph W. SPINELLI, Petitioner.

Superior Court of New Jersey, Law Division, Mercer County.

Decided: January 25, 2002.

Attorney(s) appearing for the Case

Joseph W. Spinelli, Pro Se, Petitioner.

Michael L. Rosenberg and Arnold Braun, Sterns & Weinroth, Trenton, for Co-Petitioner, First Providian, LLC.

Alan P. Bruce, Law Offices of Edward H. Keiper, Pennsauken, for Travelers Property Casualty Company.

SABATINO, J.S.C.

This case of first impression concerns the new Structured Settlement Protection Act, N.J.S.A. 2A:16-63 et seq., a statute that became effective on August 2, 2001. Specifically, the court determines whether it is in the applicant's "best interest", a finding required by N.J.S.A. 2A:16-66(a), to approve the applicant's transfer of certain future payments due to him under a structured settlement in exchange for his present receipt...

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