Assignment Of Estate For Creditors Benefit


This document is a format for assignment of estate by the Debtor to the creditor on unable to satisfactorily pay the loan or amount advanced by the credit agency or institution. The creditor shall first declare the amount of loan for which the assignment of estate is being done and shall list the movable & immovable property separately to avoid confusion while executing the assignment of estate. The debtor shall mention the list of creditor and amount of dues to be paid in relation to the estate property. Such action is taken by the Debtor when there is no possible way to pay off the outstanding debt and the debtor wants to avoid any liquidation process to be initiated by the court on application of the creditor.

Legal Process Outsourcing This Document

User Comments


×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com