JD Supra

Anti-Assignment Clause in Promissory Note Enforceable under Delaware Law to Disallow Claim Transfer

On June 20, 2018, Judge Carey of the Delaware Bankruptcy Court issued an opinion in the Woodbridge Group of Companies bankruptcies enforcing an anti-assignment clause contained in a promissory note to ...
JD Supra

Buyer Beware: Anti-Assignment Clause in Promissory Note Bars Claim Purchaser from Collecting in Bankruptcy

In In re Woodbridge Grp. of Companies, LLC, No. BR 17-12560-BLS, 2019 WL 4305444 (D. Del. Sept. 11, 2019), the United States District Court for the District of Delaware affirmed an opinion by ...
Law

Bankruptcy Court Enforces Anti-Assignment Clause and Rejects Assignee's Proof of Claim

The purchase and sale of claims held by creditors against debtors in a bankruptcy proceeding has become a big business. The motivations for the buyer are varied. They include making a profit on any ...
Houston Chronicle

How to Write a Binding Promissory Note

A promissory note is a binding agreement between a lender and a borrower. While they aren't necessarily complicated, it's essential to follow a simple promissory note sample and follow steps to make ...