Deed of Assignment of Debt
- Assign a judgement debt without the need for a solicitor
- A solicitor drafted template for reliability
- Detailed guidance notes for easy drafting
- Our no quibbles money back satisfaction guarantee
- Approximately 10 minutes drafting time required
How Does It Work?
- 1. Download
- 2. Edit
- 3. Print
- 4. Sign
Use our Deed of Assignment of Debt to transfer the right to recover a debt. To legally transfer a debt between parties it is necessary to enter into a written transfer document.
Once the transfer document has been signed by the Assignee (the part transferring the debt) and the Assignee (the party receiving the right to pursue the debt) notice must be given to the debtor 9the person or company that owes the money).
The notice must be given within 7 days of assigning the debt. A template notice is included with the download.
How to Use our Assignment of Debt Template
The deed of Assignment of a debt is in template form so that you can edit it to your specific circumstances. It is downloadable in Microsoft Word. Once downloaded you can edit the template agreement with the help of our detailed guidance notes which are included with the Download.
An Assignment of Debt is a simple agreement and as a result the drafting time required to complete the document is minimal
The template has been drafted by a UK solicitor experienced in this area of the law so that you get the peace of mind that you are using a suitably drafted agreement, with the benefit of substantial savings on hiring a solicitor yourself.
Giving Notice of the Assignment of Debt
As we mention above it is important that notice of the assignment of the debt is given to the debtor. The notice can be given by either party to the deed of assignment of debt agreement.
If you are the party receiving the assignment of the debt then we recommend that you get the Assignor to sign the notice and send it to the debtor yourself. That way you can be certain that it gets their and send it by recorded signed for delivery.
Here at Legalo we provide cost effective document and agreement templates to businesses to enable them to do more legal matters themselves. Take a look at our range of debt recovery letters to assist your business in better credit control.