Assignment Claim With Formula

State:
Multi-State
Control #:
US-01397BG
Format:
Word; 
Rich Text
Instant download

Description

The Assignment of Claim for Collection With Right to Initiate Legal Proceedings form is designed to facilitate the transfer of collection rights from a creditor to a collection agency. This form allows the agency to collect debts owed to the creditor, enabling them to initiate legal proceedings in their name if necessary. Key features include sections for debtor information, the amount owed, and details regarding the account, such as the date of the last charge and payment. It also provides space for additional comments, enhancing clarity for all parties involved. Users are instructed to complete the creditor and debtor details, along with specifying the nature of the debt. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle debt collection processes, streamline case management, and ensure compliance with applicable collection laws. It empowers collection agencies to act swiftly and legally, promoting efficient debt recovery.
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Assignment Claim With Formula