Peachtree Financial Solutions announced it has signed an agreement with an unnamed "large European financial institution" to sell its originations of life-contingent structured settlements.
Life-contingent structured settlements result from the settlement of a lawsuit, and are periodic payments paid until the individual dies. Peachtree buys the right to future settlement proceeds from such individuals who need immediate cash.
"The quality and value of these assets is being recognized by the markets, and despite our current economic environment, demand for these assets continues to improve," said Jim Terlizzi, Peachtree's chief executive officer.
