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 instrument, and all underlying documentation
related to the assignment, including but not limited to consideration, will
be reviewed to make sure they are unaltered copies, and that the documents
are signed and notarized. No portions of the assignment documentation may be
obscured or blanked-out.
The claim assignment must include an affirmation by the assignor
(seller) that it has reviewed the receivership estateís website and is
aware of the Receiverís then-current published estimates of the amount
and timing of the ultimate claims distribution, including the Receiverís
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 Receiverís 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
222 Merchandise Mart Plaza
Chicago, IL 60654
If you have any questions, please e-mail: