3 ms·

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

• mhuffman 4y ago
  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 https://en.wikipedia.org/wiki/J.G._Wentworth
  • SilasX 4y ago
    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.
    • nopzor 4y ago
      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.
      • SilasX 4y ago
        I agree, I was only speaking to whether JG Wentworth is such a company. It is not.