Bregoff v. Rubien

The predicate of plaintiff’s suit is a settlement agreement dated May 10, 1946 tvherein defendant contracted to pay $25,000 to satisfy a judgment, for a much larger amount, which had been obtained against Mm by plaintiff in an accounting action. Under that agreement, a copy of which is annexed to the amended complaint, defendant paid $4,000 down, and as *93to the balance of $21,000, defendant agreed as follows: “ The Debtor, by these presents, does hereby assign, transfer and convey to the Creditor, Fifty (50%) Per Cent of his net income from his regular occupation in excess of Fifteen Thousand…