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Home / Opinion Digests / Creditor’s Rights – Promissory Note – Receiver Suit – Jurisdiction (access required)

Creditor’s Rights – Promissory Note – Receiver Suit – Jurisdiction (access required)

A receiver appointed pursuant to an FTC enforcement action against a fraudulent debt counseling scheme wins summary judgment in its action to recover receivership property, payment on a promissory note, from a business associate who borrowed $1.34 for a restaurant from the perpetrator of the fraud; the 4th Circuit says the note was a negotiable ...

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