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Judge approves sale of Johnny Baker Jr.'s structured‑settlement increase in exchange for $17,000 lump sum
Summary
The judge approved Johnny Baker Jr.'s petition to sell future annuity payments for a lump‑sum payment after concluding Baker understood the trade‑off and consented to the transaction.
The presiding judge approved Johnny Baker Jr.'s petition to sell future structured‑settlement payments in exchange for a lump sum, after questioning Baker on the payment schedule and confirming he understood the consequences.
The court recorded that Baker had been awarded a structured settlement providing 11 monthly payments of $386.64 beginning June 19, 2030, followed by 156 monthly payments of $398.23 adjusted annually at 3 percent. The judge said, by his…
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