The Chancery Court of Anderson County, Tennessee has issued an order denying a payee’s transfer of workers’ compensation settlement payments. In the matter of R & P Capital Resources, Inc. and Donald Watson, No. 12-CH-3896 (Tenn. Chan. Ct. June 19, 2012), Judge William E. Lantrip held that (i) workers’ compensation payments are not within the definition of “structured settlement” under the Tennessee Structured Settlement Protection Act, Tenn. Code. Ann. § 47-18-2601, et seq. (TN SSPA), and (ii) the transfer of payments received as the proceeds of a workers’ compensation settlement is prohibited by the clear language of the Tennessee Worker’s Compensation Law, Tenn. Code. Ann. § 50-6-101, et seq. (TN WCL).

Source: Structured Settlement Alert
Leave Drinker Biddle to Learn More