Claims can be sold and assigned
The claim as an asset
Promissory notes, assignment, factoring and portfolio sales. A claim is an asset — it can be moved, borrowed against and traded.
3 concepts
- Assignment of a claim (transport af fordring) An assignment transfers a claim to a new creditor — once notified, the debtor must pay the new owner. Notice to the debtor requires
- Debt purchase (fordringskøb) Debt purchase is the sale of a claim or a portfolio to a third party — the creditor gets the money now in return for giving up the full amount. The money immediately the creditor gets
- Promissory note (gældsbrev) A promissory note is a written, unilateral acknowledgement of a debt — and it can be an enforceable instrument if it is worded correctly. An enforceable instrument can be
From dictionary to decision
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