Money Due To In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used in Chicago to transfer rights to collect a debt from one party (the Assignor) to another (the Assignee). This form outlines the specifics of the debt, including the debtor, amount due, and the date the debt was incurred. Key features of the form include its non-recourse nature, meaning the Assignee cannot hold the Assignor responsible for collecting the debt. Users must provide a clear description of the debt being assigned. Filling instructions emphasize the importance of accurate details to ensure enforceability of the assignment. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection, as it legally formalizes the transfer of rights. Proper completion helps in streamlining the collection process and mitigates disputes over the debt in question. Users should ensure to review the document for completeness before execution.
