My former brokerage firm gave me some upfront money and had me sign a promissory note, when I was first hired. The "loan" was to be forgiven over a period of years, but my firm went under and apparently assigned the promissory note to a bank, which is now suing me in court to recover the balance of the note. The note has an arbitration clause, however, so isn't the bank required to go through arbitration? Also, can I sue the bank based on the assignment for the actions of the brokerage firm that caused me damages?

— B.F., Fla.

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