Payment Due For Taxes In Illinois
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is designed to facilitate the transfer of rights to collect a specific debt from one party (the Assignor) to another (the Assignee). Particularly relevant for payment due for taxes in Illinois, this form allows entities such as attorneys, partners, owners, associates, paralegals, and legal assistants to clearly assign the debt obligation, annotate any relevant details concerning the debt, and ensure proper legal acknowledgment of the transfer. Key features of this form include spaces for detailed descriptions of the debt, affirmation of its validity, and a non-recourse clause that clarifies the Assignee's responsibility for collection. Filing instructions are straightforward; users should complete the form by accurately filling in the names, description of the debt, and execution dates. Editing is permitted before signing, which reinforces its importance in record-keeping and legal compliance. It is particularly useful in scenarios where companies are looking to transfer debts related to unpaid taxes or other receivables, helping to streamline financial transactions and debt management. Overall, this form serves as a practical tool for legal professionals in managing financial obligations efficiently.
