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Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question. | K&L Gates LLP

May 19, 2023

A recent New York Court of Appeals case, Worthy Lending LLC v. New Style Contractors, Inc., highlights the importance of maintaining best practices in transactions where the lender...

New York United States Worthy Lending Checkmate Communications Borrower Style Contractors Inc Kl Gates

Source: jdsupra.com

Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question

May 18, 2023

Worthy Lending v New Style Contractors New York Court Appeals held Worthy lender with a security interest in the accounts of a borrower Checkmate Communications entitled to payment on Borrower’s pledged accounts regardless of whether or not an event of default existed Worthy Filed UCC 1

New York United States York Court Worthy Lending Style Contractors Inc Checkmate Communications Borrower

Source: natlawreview.com

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Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question. | K&L Gates LLP

Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question

Explore More Categories