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