Estate Planning

Buys and Sells of Promissory Notes a Consequence of Downturned Real Estate Market
One consequence of the downturn in the residential real estate market that is taking place in Missouri among other states is the escalation of offers and sales of promissory notes by promoters to investors...

The Danger of Promissory Note
Osler, a leading Canadian law firm, has an article on a recent case mine, entitled "Does the Arthur Wishart Act Change the Law of Set-off in Ontario?" "This case could also potentially change the manner in which franchisors must allocate funds received from franchisees to various categories of debt...

113 Former Lehman Employees Pursued On Questionable Outstanding Promissory Note Claims
As many as 113 former Lehman Brothers Inc. (LBI) employees/advisers are being pursued for collection of their promissory note balances despite the firm?s demise in September 2008. Lehman Brothers Holdings Inc...

It's Payback Time on Promissory Notes
Stark & Stark Employment Group Chair, Thomas B. Lewis, authored the article, It's Payback Time on Promissory Notes, for the November 2009 edition of On Wall Street Magazine. The article discusses the recent trend in unhappy advisors seeking new firms in the wake of a down market and their old firm's enforcement of collecting promissory notes...

Reps With Promissory Note Claims Defenses And Counterclaims Should Be Aware Of Their Options Under Newly Revised FINRA Arbitration Procedures
FINRA has just amended its rules regarding disposition of promissory note claims that are filed in arbitration. According to a FINRA release, FINRA is amending its Code of Arbitration Procedure for Industry Disputes to establish new procedures for administering cases...

"Schack" Rulings Merit Note In Ohio Appeals Court Ruling Reinforcing Importance To Borrower That Promissory Note's Chain Of Title Be Established
In recent, apparently high stakes litigation(1) in which a lower court's ruling dismissing a lender's foreclosure action was affirmed, an Ohio Court of Appeals issued a reminder of how essential it is to the borrower (ie...