Quick Answer
Quick Answer: Can You Sell Your Structured Settlements in New York?
Yes. New York allows the sale of future structured settlement payments for a lump sum, with every transfer reviewed by a judge under N.Y. Gen. Oblig. Law § 5-1701 et seq.. New York transfers typically clear court in about 75 days, and quotes are free with no obligation.
If you hold a structured settlement or annuity in New York, you can sell some or all of your future payments for a lump sum of cash. Sell My Structured Settlement Cash gives New York residents a free written quote with the discount rate disclosed, funded by our partner Genex Capital after court approval.
We serve 182 cities across New York, including New York, Brooklyn, Queens, Manhattan, Bronx. New York's court process for structured settlement transfers is governed by N.Y. Gen. Oblig. Law § 5-1701 et seq., with an average court timeline of 75 days.
New York requires independent professional advice before the court hearing. A 20-day advance notice to all interested parties is required before the court hearing. New York Attorney General - Consumer Frauds Bureau oversees consumer protection for settlement transfers.
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.
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. Source: N.Y. Gen. Oblig. Law § 5-1701 through 5-1709.
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.
What New York Judges Look For
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.
In practice, New York judges weigh why you need the money, how the price compares to the payments you are giving up, whether dependents rely on the payments, and whether you understand the terms. Independent professional advice is required before the court hearing. Arriving with a written quote that discloses the discount rate makes that conversation straightforward.
New York specifics: New York requires full disclosure of the discount rate, net advance amount, and all fees.
Your Options in New York
Sell everything or only part. Many New York sellers transfer a few years of payments and keep the rest of the schedule. Courts tend to view tailored, partial transfers favorably because they solve the immediate need while preserving income.
Other payment types. New York residents can also sell annuity payments and lottery installments, each with its own process and timeline.
Getting Paid in New York
New York requires 20 days advance notice to all interested parties, and transfers typically clear court in about 75 days. Once the judge signs the order, funding is typically sent within 3 business days by our funding partner.
Questions or concerns along the way can also be raised with the New York Attorney General - Consumer Frauds Bureau, New York's consumer protection resource.
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.
Why 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.
We Also Buy in New York
Serving Your Area
Sell My Structured Settlement Cash serves structured settlement holders across New York, with quotes funded and completed by our funding partner, Genex Capital, after court approval - anywhere in the state, by phone and video.
Our New York Offices
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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 written quote spelled out the discount rate and every payment I was selling. It made the New York court hearing simple.
Sarah T.
Structured Settlements
The New York court process was simpler than I expected. They guided me through every step at no charge.
James M.
I sold a partial settlement to pay off debt. No broker fees and the whole process was transparent.
Karen D.