A chose in action is essentially a right to sue. It is an intangible personal property right recognized and protected by the law, that has no existence apart from the recognition given by the law, and that confers no present possession of a tangible ob
Bexar Texas Assignment of Money Judgment is a legal process in Bexar County, Texas, where a creditor transfers their right to collect a money judgment to another party. This assignment allows the creditor to transfer their interest in the judgment, providing them with an immediate payment or financial relief. The party to whom the judgment is assigned, known as the assignee, assumes the role of the original creditor and gains the right to collect the debt. Keywords: Bexar Texas, Assignment of Money Judgment, legal process, Bexar County, creditor, transfer, collect, money judgment, party, assignee, debt. There are different types of Assignment of Money Judgments in Bexar Texas, depending on the specific circumstances and parties involved: 1. Voluntary Assignment: In this type, the creditor willingly transfers their right to collect the judgment to another party, typically for benefits such as immediate payment or debt consolidation. 2. Involuntary Assignment: This occurs when a court orders the assignment of a money judgment due to non-payment or failure to satisfy the debt. In such cases, the court may appoint a collection agency or assignee to enforce the judgment. 3. Absolute Assignment: The complete, irrevocable transfer of the money judgment to the assignee, who assumes all rights, responsibilities, and risks associated with collecting the debt. This type of assignment generally provides the creditor with immediate relief by converting the judgment into cash. 4. Conditional Assignment: These assignments come with certain conditions or limitations, such as the assignee only being entitled to a portion of the judgment or receiving payment only when certain conditions are met. 5. Equitable Assignment: In this scenario, the assignment is made to secure a debt or obligation. The assignee holds the right to collect the judgment as collateral until the debt is paid in full. 6. Collateral Assignment: Similar to equitable assignment, a collateral assignment involves the transfer of the money judgment to secure a specific debt. The assignee has the authority to collect the debt but only in the event of non-payment or default. 7. Partial Assignment: A partial assignment occurs when only a portion of the money judgment is transferred to the assignee. In such cases, the original creditor retains partial ownership and may still have the ability to collect the remaining part of the judgment. Understanding the different types of Bexar Texas Assignment of Money Judgments allows creditors and assignees to navigate the legal process effectively while ensuring the proper transfer of rights and obligations.
