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One Man's Hurricane Katrina

One Man's Hurricane Katrina It started out as a typical birthday celebration. Calvin S. and some friends went out to a well-known Los Angeles club for a night of celebrating. At the end of the evening, as they were waiting for a cab, Calvin was the object of an unprovoked attack by an employee of the club. When Calvin awoke in the hospital, he had a shattered shoulder and other injuries.

Before the incident, Calvin worked as a probation officer in L.A. County. Due to his injuries, he was unable to continue in his line of work. Calvin sued the club and won. He received compensation in the form of a structured settlement. Under the terms of the settlement Calvin would receive guaranteed payments for the rest of his life.

Calvin moved to New Orleans to start over. There he could be near his mother and pursue a new career as a real estate broker.

Calvin ended up doing very well in New Orleans. He was a successful real estate broker and owned three properties, one of which he and his family lived in. When Hurricane Katrina hit New Orleans, he was forced to evacuate to Houston, leaving behind his properties, which were only a couple of blocks from the historic French Quarter.

Katrina not only destroyed the city of New Orleans, but also all of Calvin's properties. Even though he had accumulated assets, he and his family had to move into a shelter. Calvin felt trapped. That's when he saw commercials for J.G. Wentworth. He could turn his one asset, his structured settlement, into desperately needed cash. In the transaction that followed, he sold a portion of his structured settlement and got his family out of the shelter to begin life anew.

With the proceeds he received from J.G. Wentworth, Calvin is now able to look for a house and put his days of living in shelters and hotels behind him and his family forever.

"Without the help of J.G. Wentworth, I don't know where I'd be," he said, "but now I have everything back on track."


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