Quick Answer
Quick Answer: Can You Sell Your Structured Settlements in Long Island?
Yes. Long Island residents can sell some or all of their future structured settlement payments for a lump sum of cash. A New York judge reviews every sale under N.Y. Gen. Oblig. Law § 5-1701 et seq., transfers typically complete in about 75 days, and quotes are free with no obligation.
Why Sell Your Structured Settlement in Long Island?
On Long Island, the gap between what households earn and what the region costs is the story behind most settlement sales. Sellers here are covering medical bills, assembling down payments, clearing card debt, or funding a business, and they want the money without taking on a high-interest loan to get it.
New York regulates these sales under General Obligations Law § 5-1701 et seq. A justice of the New York State Supreme Court, which is the state's trial court rather than an appeals court, must approve the transfer and find it in your best interest. The law requires 20 days advance notice to all interested parties, and the full timeline usually runs about 75 days from signed paperwork to funding.
Suffolk County petitions are heard in Riverhead and Nassau County petitions in Mineola, so the filing stays local no matter which side of the island you live on.
Quotes through this site come with the discount rate disclosed in writing, and every transaction is funded and completed by our partner Genex Capital after approval. Request yours at get a quote or read the New York page.
Simple, Transparent Process
Your written quote spells out exactly which payments you are selling, the purchase price, and the discount rate. No surprises at any step, and you owe nothing if the court does not approve.
Tell Us About Your Structured Settlements
Share your structured settlement details. It takes less than 2 minutes.
Get Your Written Quote
Your quote states the payments, price, and discount rate in writing. Sign by DocuSign or notary at no charge, and the New York court filing is handled for you.
Get Your Lump Sum
Accept the best offer, complete the New York court approval process, and receive your cash.
New York Structured Settlement Protection Act
Under N.Y. Gen. Oblig. Law § 5-1701 et seq., the following requirements apply to structured settlement transfers in New York:
Court Approval
Court approval is required for all structured settlement transfers in New York. The court must find the transfer is in your best interest under N.Y. Gen. Oblig. Law § 5-1701 et seq.
Waiting Period
20 days advance notice to all interested parties
Independent Professional Advice
Independent professional advice is required before the court hearing
Key Provisions
New York requires full disclosure of the discount rate, net advance amount, and all fees before court approval.
Regulatory Notes
New York courts process structured settlement transfers under N.Y. Gen. Oblig. Law § 5-1701 et seq. Court approval typically takes 75 days.
Consumer Protection: If you have questions about your rights under New York's SSPA, contact the New York Attorney General - Consumer Frauds Bureau.
Sell My Structured Settlement Cash guides you through every step of the New York court approval process at no cost.
Where Your Transfer Is Filed in Long Island
Long Island spans two counties, and the filing follows your address. Suffolk residents petition the New York State Supreme Court, Suffolk County, at the Alan D. Oshrin Supreme Court Building, 1 Court St, Riverhead, NY 11901. Nassau residents file with the Nassau County Supreme Court in Mineola. In New York, the Supreme Court is the trial-level court that handles everyday civil cases, so this is a routine proceeding, not an appeal.
The justice applies General Obligations Law § 5-1701 et seq., requires proof of 20 days advance notice to interested parties and independent professional advice for the seller, and must find the transfer in your best interest. Hearings are typically brief.
New York State Supreme Court, Suffolk County
Alan D. Oshrin Supreme Court Building
1 Court St, Riverhead, NY 11901
Official court websiteWhy Long Island Residents Choose Sell My Structured Settlement Cash
Court-Approved Process
Every transfer is reviewed by a judge for your protection, and the filing work is handled for you.
No-Surprise Net Price
The quote you accept is the amount you receive. Transfer legal costs are covered, not deducted later.
Competitive Offers
Strong pricing on your payments, and a legitimate higher written offer will be matched before closing.
No Pressure, Ever
Straight answers and patient support. Take the time you need - the decision is always yours.
Other Payments You Can Sell in Long Island
Long Island Structured Settlement Market
The island's 7,647,358 residents live with a median home value of $732,100, nearly ten times the $76,607 median household income, and 32.9 percent of households own their homes. In a market priced like this, timing is everything: a lump sum can complete a down payment or eliminate debt at the moment it matters, something a fixed payment schedule cannot do.
| Metro Population | 7,647,358 |
| County | Suffolk |
| Median Home Value | $732,100 |
| Median Household Income | $76,607 |
| Homeownership Rate | 32.9% |
Serving Your Area
Our Long Island office is at 3175 Veterans Memorial Hwy #386, Bohemia, NY 11716; the local line is (631) 203-3815. You are welcome to visit in person - the office is open to sellers who prefer to sit down face to face, and every step also works remotely. We serve Nassau and Suffolk counties from Bohemia, with additional New York offices in Albany, Buffalo, and New York City, and the rest of the state by phone and video.
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Selling Structured Settlements in Long Island - FAQ
How do I sell my structured settlement on Long Island?
It starts with a free quote, delivered with the discount rate disclosed in writing. You sign by DocuSign or with a notary at no charge, then the partner legal team files the petition with the trial court for your county, Suffolk or Nassau. Funding arrives about 3 business days after the judge's approval.
How long does court approval take in New York?
New York transfers usually take about 75 days from signed paperwork to funding, longer than most states. The law requires 20 days advance notice to all interested parties, and busy downstate court calendars add time beyond that. Getting documents complete on the first pass matters more here than almost anywhere.
Where will my hearing be held on Long Island?
It depends on your county. Suffolk residents appear at the Alan D. Oshrin Supreme Court Building, 1 Court St, Riverhead, NY 11901. Nassau residents file in the Nassau County Supreme Court in Mineola. In New York the Supreme Court is the everyday trial court, so this is a routine civil hearing, typically brief.
What will it cost me to sell my payments on Long Island?
You pay nothing out of pocket: no application fee, no signing or notary charge, and no bill for the legal filing. The buyer's price is your future payments reduced by a discount rate, which New York law requires to be disclosed in writing, along with the net amount and all fees, before approval.
What Our Clients Say
Hear from real customers who sold their payments to buy homes, start businesses, pay for education, and meet medical costs.
Structured Settlements
The quote showed the exact discount rate in writing before I signed anything. Nobody pressured me and the number they quoted is the number that arrived.
Michael R.
Structured Settlements
The court approval process seemed overwhelming until they walked me through every step. No surprises, no hidden fees.
Jennifer L.
Structured Settlements
I needed cash for medical bills. I had a written offer within a day and the whole process was transparent and professional.
David W.