Assignment Of Money Due In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due in Bexar is a legal form used to transfer the rights to a specific debt from one party, known as the Assignor, to another party, known as the Assignee. This form requires the Assignor to describe the debt being assigned, including details such as the debtor's name, the amount due, and any supporting documentation. It is crucial to note that this is a non-recourse assignment, meaning the Assignee is solely responsible for collecting the debt. The Assignor guarantees that the debt is valid and agrees to defend this warranty if challenged. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who may need to facilitate debt transfers in a straightforward manner. By using this form, legal professionals can ensure clarity and legitimacy in debt assignments, potentially enhancing collections for their clients. The form should be filled out carefully, maintaining accuracy and completeness, and it's advisable to retain copies for record-keeping purposes.
