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0US1 Assignment of Debt - Absolute | FindLegalForms.com 2

Assignment of Debt - Absolute

for Your State

This Assignment of Debt - Absolute will effectively assign debt owed to a creditor to another party. This assignment contains all relevant terms including any amount the assignee will pay to creditor for the debt assignment.

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For Immediate Download

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This Assignment of Debt is between a party to whom a debt is owed (also known as the "assignor") and another party who agrees to assume the debt (also known as the "assignee"). This agreement sets out the names of all parties, including the debtor, and the total amount of the debt. It also sets out the amount of money the assignee will pay to assignor (usually an amount less than the debt) for the assumption. It is imperative that this type of business assignment be clearly set out in writing. A written Assignment of Debt - Absolute will prove valuable in the event there are disagreements or misunderstandings as to whom the debt should be paid.

This Assignment of Debt - Absolute contains the following:
  • Parties: Sets out the names of both assignor and assignee;
  • Debt Information: Name of the debtor and the amount which is owed to assignor;
  • Assignment: Sets out that the debt, along with its advantages and benefits, is assigned to the assignee and the amount assignee will pay for the debt assignment;
  • Signatures: Both parties must sign this assignment in the presence of witnesses.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Assignment of Debt - Absolute
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28821
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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