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Home / Opinion Digests / Heirs, not assignee, entitled to distribution (access required)

Heirs, not assignee, entitled to distribution (access required)

The creditor’s heirs in a case involving a company declared bankrupt in 1931 persuaded the court that an assignment agreement entitling another person to distributions was never enforced, and should not be enforced now. Background In 1931, Yellow Poplar Lumber Company Inc. was adjudged a bankrupt. In 2013, the court reopened the case after a dispute involving ...