Money Due To In Michigan
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form used in Michigan for transferring rights to collect a specific debt from one party (Assignor) to another (Assignee). This form allows the Assignor to convey all their rights, title, and interest in the mentioned debt, which should be clearly described in the document. Key features include an acknowledgment of value, the requirement for the Assignee to collect the debt, and a warranty from the Assignor that the debt is valid. To complete the form, users must fill in the details regarding the debt, including the amount and due date, and sign it in the presence of witnesses if necessary. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection or business transactions. It simplifies the process of debt assignment and ensures that rights are transferred legally and effectively, making it easier for legal professionals to manage their clients' financial interests.
