Will I Ever See the $36MM Oberlin College Owes Me?

Re:Will I Ever See the $36MM Oberlin College Owes Me? by jcims on Thursday September 01, 2022 @02:34PM (#32680944)

I wonder if you could borrow against it. 36MM in the future is a nice thing but doesn't pay your bills today.

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Re:Will I Ever See the $36MM Oberlin College Owes Me? by mhuffman on Thursday September 01, 2022 @04:35PM (#32682748)

Yes you can! Back in the day there was a very famous company that advertised 24/7 to do just that![1]

[1]https://en.wikipedia.org/wiki/J.G._Wentworth

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Re:Will I Ever See the $36MM Oberlin College Owes Me? by SilasX on Thursday September 01, 2022 @06:26PM (#32684178)

Not quite. That was for structured settlements where the defendant had already agreed to the terms and started paying. The parent was talking about borrowing against a pending matter that hasn’t yet settled.

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Re:Will I Ever See the $36MM Oberlin College Owes Me? by nopzor on Thursday September 01, 2022 @09:20PM (#32685518)

i’m sure there’s some company that would feel confident in their math and stats to pay out x million to the defendant immediately, rather than 36m, in exchange for having the rights to the claim/pending payment assigned to them?

the only real question is how much lower x million is from 36m.

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Re:Will I Ever See the $36MM Oberlin College Owes Me? by SilasX on Friday September 02, 2022 @09:38AM (#32690647)

I agree, I was only speaking to whether JG Wentworth is such a company. It is not.

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