Assignment of Claim
|
Procedure The Office of the Special Deputy Receiver respects the right of claimants to assign claims. In an effort to ensure that such assignments are valid, and that the processing of assignments does not create an undue burden on estate resources, the OSDR has adopted the following policy regarding the processing of assignments. · Upon receipt, the assignment will be reviewed to make sure it is an unaltered copy, and that it has been signed and notarized. There can be no parts on the document that are obscured or blanked out. · The claim assignment must include an affirmation by the assignor (seller) that it has reviewed the receivership estate’s website and is aware of the Receiver’s then-current published estimates of the amount and timing of the ultimate claims distribution, including the Receiver’s Good Faith Estimate, if available. The Receiver will not recognize the validity of any claim assignments that do not contain the written acknowledgment. · The assignor will be contacted and asked to confirm in writing that they did indeed assign their claim to the party listed on the document. A letter, fax or E-mail from the assignor will be accepted as a form of confirmation. · The assignee will be contacted in writing (letter, fax or E-mail) informing them that the assignment has been received and approved by the Receiver’s office. · Assignments of claim will not be accepted after the distribution petition has been filed with the Supervising Court.
Please mail all assignment forms to: Office of the Special Deputy Receiver Claims Department 222 Merchandise Mart Plaza Suite 1450 Chicago, IL 60654 If you have any questions, please e-mail: inquiry@osdchi.com
|