Quick Answer
Quick Answer: Can You Sell Your Structured Settlements in New York?
Yes. New York 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 New York?
In New York, the gap between what future dollars promise and what present costs demand can feel wider than anywhere else. Settlement holders here choose lump sums for co-op down payments, medical bills, small business leases, family obligations, and the retirement of debt that compounds faster than any annuity pays.
New York regulates every transfer through N.Y. Gen. Oblig. Law § 5-1701 et seq., one of the country's earliest structured settlement protection acts. Court approval is mandatory, all interested parties receive at least 20 days advance notice, independent professional advice is required before the hearing, and the discount rate and net amount must be disclosed in writing. New York cases take longer than most states, about 75 days from contract to funding.
For sellers in the five boroughs, petitions are commonly heard in the state Supreme Court, which in New York is the trial-level court, not a court of last resort. Queens cases, for example, are heard at the Civil Term on Sutphin Boulevard in Jamaica.
Once the justice signs the order, Genex Capital funds and completes the transaction. See our New York page for the full statute breakdown.
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 New York
Transfer petitions for this office are filed in the New York State Supreme Court, Queens County. Despite the name, this is New York's trial court, the court where civil cases begin, and hearings take place at the Queens Supreme Court Civil Term, 88-11 Sutphin Blvd, Jamaica, NY 11435.
A justice reviews the petition under N.Y. Gen. Oblig. Law § 5-1701 et seq. and must find the transfer is in your best interest before approving. All interested parties receive at least 20 days advance notice, and you must complete independent professional advice before the hearing date. The appearance is typically brief, with questions aimed at your reasons and your understanding of the discounted price.
New York State Supreme Court, Queens County
Queens Supreme Court, Civil Term
88-11 Sutphin Blvd, Jamaica, NY 11435
Official court websiteWhy New York 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 New York
New York Structured Settlement Market
The New York market is the largest we serve, with more than 19.2 million residents. Median household income stands at $76,607 against a median home value of $732,100, and just 32.9 percent of households own. Numbers like these are exactly why a lump sum matters here: down payments, security deposits, and debt payoffs demand capital, not installments.
| Metro Population | 19,268,388 |
| County | Queens |
| Median Home Value | $732,100 |
| Median Household Income | $76,607 |
| Homeownership Rate | 32.9% |
Serving Your Area
Our New York City office is at 233 Broadway #836, New York, NY 10279, phone (646) 516-1859, in lower Manhattan. 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. Additional offices serve Albany, Buffalo, and Long Island, and sellers anywhere else in New York State can complete the entire process by phone and video.
Also Serving Nearby
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Selling Structured Settlements in New York - FAQ
How do I sell my structured settlement in New York City?
Request a free quote and review the discount rate, which is disclosed to you in writing before anything is signed. Execute your documents by DocuSign or with a notary at no charge. The partner legal team files the petition in the appropriate New York court, and funding arrives about 3 business days after approval.
How long does court approval take in New York?
New York transfers average about 75 days, somewhat longer than most states, largely because of court volume. The statute requires at least 20 days advance notice to all interested parties before the hearing, and independent professional advice must be completed in that period. Once the order is signed, funding follows within about 3 business days.
Where will my hearing be held?
Queens County petitions are heard at the Queens Supreme Court Civil Term, 88-11 Sutphin Blvd in Jamaica. In New York, the Supreme Court is the everyday trial court, so this is a standard civil courtroom, not an appellate bench. Hearings are short, and the justice's questions center on your best interest.
What if the New York judge does not approve my sale?
Your settlement stays intact and you owe nothing. New York justices deny petitions they cannot square with the best-interest standard, but a denial is not always final. Adjusting the transaction, often by selling a smaller share of payments, can address the court's concerns, and you can request a revised quote at any time.
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.