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What Does It Mean If The Judge Takes My Transfer Under Consideration?

When you are completing a structured settlement transfer a Judge is required to approve the transfer. In approving the transfer, the Judge must look at what you are selling, what you are receiving, what you are using the funds for and whether or not the statute has been meet. If the judge finds the answers to each of these questions fair and reasonable, then the Judge will like determine that the specific transfer is in your best interest. Most of the time a Judge will make this decision while you are present at the hearing. However, on occasion, the Judge will not be ready to make a decision and may decide to take your transfer under consideration.
When a Judge takes your transfer under consideration what it means is that he or she would like more time to review all of the facts of your transfer. The Judge feels as though the information currently available is not sufficient to determine whether or not the transfer is in your best interest. When a Judge takes the transfer under consideration it does not mean the Judge will automatically deny the transfer, it simply means they need more time. If this happens to your transfer, you can ask the local counsel who is present at your hearing if there is anything you can do to help assist in the Judge’s decision. If there is nothing you unfortunately just have to wait for the Judge to review your file and make a decision. This could take only a few days or the Judge could take months.

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