Bank Independent v. Coats

The plaintiff, Bank Independent ("the Bank"), appeals from a judgment entered on a jury verdict in favor of defendant Barbara Coats in this action seeking to set aside, as fraudulent, the assignments of a promissory note and a mortgage securing that note.1 We affirm.

In Pennington v. Bigham, 512 So.2d 1344, 1346 (Ala. 1987), this Court set out the pertinent law dealing with fraudulent conveyances and assignments:

"The law on fraudulent conveyances [and assignments] is expressed in § 8-9-6, Code 1975:

" 'All conveyances or assignments in writing, or otherwise, of any estate or interest in real or…