This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.
Assignment For Money In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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An assignment for the benefit of creditors ("ABC") is an alternative to a chapter 7 bankruptcy proceeding. An assignment will generally be permitted under the law unless there is an express prohibition against assignment in the underlying contract or lease.
