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IN THE MATTER OF 321 HENDERSON RECEIVABLES ORIGINATION, LLC

19 Misc.3d 504 (2008)

856 N.Y.S.2d 817

In the Matter of 321 HENDERSON RECEIVABLES ORIGINATION, LLC, Petitioner. AYANA LOGAN et al., Interested Parties.

Supreme Court, Queens County.

January 2, 2008.

Attorney(s) appearing for the Case

John S. Pokalsky, New York City, for petitioner.

OPINION OF THE COURT

CHARLES J. MARKEY, J.

The Structured Settlement Protection Act (General Obligations Law § 5-1701 et seq.) was enacted in 2002 as a result of factoring companies using "aggressive advertising, plus the allure of quick and easy cash, to induce settlement recipients to cash out future payments, often at substantial discounts, depriving victims and their families of the long-term financial...

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