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.
The process
The whole dictionaryApplies all the way through
The claim as an asset is not a step in a case. It applies from the invoice to the bailiff’s court.
The concepts
5 conceptsThe concepts in this theme
Each entry is one page: the definition, the rate and the rule behind it.
- 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 debtorrequires
- Claims portfolio (fordringsportefølje)A claims portfolio is a body of claims handled — and sometimes traded — as a single unit rather than case by case.Claims treated as one bodyis
- 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 immediatelythe 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 instrumentcan be
- ServicingServicing means administering and collecting a portfolio of claims for whoever owns them — without taking over the claims yourself.The clientclaims owned by
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Other themes in the dictionary
The 6 steps of the process are above. Here are the other cross-cutting themes.