Suffolk New York General Form of Assignment to Benefit Creditors is a legal document used in the state of New York for transferring the assets and liabilities of a debtor to a trustee, who will then sell those assets to pay off the creditors. It is a form of insolvency or bankruptcy procedure that allows for an orderly distribution of a debtor's assets to satisfy outstanding debts. The Suffolk New York General Form of Assignment to Benefit Creditors is governed by specific laws and regulations in the state, ensuring a fair and transparent process. It provides a structured framework for the debtor to assign all their property, both tangible and intangible, to the trustee. This assignment can take various types, each designed to cater to different situations and needs. Some common types of Suffolk New York General Form of Assignment to Benefit Creditors include: 1. Voluntary Assignment: In this type, the debtor willingly initiates the process of transferring their assets and liabilities to a trustee for the benefit of creditors. It allows the debtor to take control of the situation and prioritize an organized repayment plan. 2. Involuntary Assignment: In certain cases, creditors can force the debtor into this process by filing a petition with the court. If the court finds the debtor unable to meet their financial obligations, they can order the assignment, protecting the creditors' interests and ensuring an equitable distribution of assets. 3. Straight Assignment: This type involves the assignment of all assets owned by the debtor, including real estate, bank accounts, investments, and personal property. The trustee will sell these assets and use the proceeds to pay off the creditors. 4. Composition Assignment: This type allows the debtor to propose a composition agreement to the creditors, offering to pay a portion of the debt in exchange for a discharge or reduction in the remaining balance. If the majority of creditors agree to the proposal, it becomes binding on all parties involved. 5. Trust Deed Assignment: This type of assignment creates a formal agreement between the debtor and the creditors, establishing a trustee who manages the assigned assets and distributes them among the creditors according to their respective claims. The Suffolk New York General Form of Assignment to Benefit Creditors aims to provide a fair and efficient mechanism for the settlement of debts and the protection of creditors' interests. It ensures that both debtors and creditors have an opportunity to participate in a structured process that maximizes the recovery for all parties involved.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Suffolk New York Forma general de cesión a favor de los acreedores - General Form of Assignment to Benefit Creditors
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FAQ
"La cesion de un credito es un acto juridico por el cual un acreedor, que toma el nombre de cedente, transfiere voluntariamente el credito o derecho personal que tiene contra su deudor a un tercero, que acepta y que toma el nombre de cesionario.
La cesion de credito es aquel negocio juridico por el que un acreedor (cedente) transmite a otra persona (acreedor cesionario) los derechos que el primero ostenta frente a tercera persona, ajena a la transmision, pero que pasa a ser deudora del nuevo acreedor sin que la relacion primitiva se extinga.
Clausula en la que el librador cede al tenedor sus derechos sobre la provision, de manera que una vez notificada la cesion al deudor librado, este solo podra verse libre de su obligacion pagando al tenedor legitimo del documento.
Habra cesion de credito, cuando una de las partes se obligue a transferir a la otra parte el derecho que le compete contra su deudor, entregandole el titulo del credito, si existiese.
Acto de naturaleza contractual, no revocable, mediante el cual un proveedor o contratista transfiere a un tercero una parte de los creditos que le adeuda la entidad contratante, en virtud de los bienes y servicios que esta ha recibido, producto del cumplimiento de un contrato o bien de una orden de compra.
El contrato de cesion de credito es el documento a traves del cual se materializa la operacion de cesion de credito. Dentro del contrato se distinguen tres participantes: El Cedente: Seria la empresa que cede sus derechos de cobro con el fin de obtener liquidez inmediata.
La cesion de credito es aquel negocio juridico por el que un acreedor (cedente) transmite a otra persona (acreedor cesionario) los derechos que el primero ostenta frente a tercera persona, ajena a la transmision, pero que pasa a ser deudora del nuevo acreedor sin que la relacion primitiva se extinga.
1112 ,Codigo Civil, la regla general es la cedibilidad de los creditos, excepto cuando la ley o las partes dispusieran lo contrario. La venta o cesion de un credito, tal y como contempla el Art. 1528 ,Codigo Civil comprende la de todos los derechos accesorios, como la fianza, hipoteca, prenda o privilegio.
Ejemplo de cesion de creditos Supongamos que una empresa ha vendido una maquinaria por US$ 20.000, venciendo su pago en 90 dias (Se ha aplicado un credito de proveedores). Casi al instante de concretar la transaccion, como la compania necesita efectivo, decide transferir sus derechos de cobro.
La cesion de creditos es un negocio entre el cedente y el cesionario, y, ¿que pasa con el deudor? Al respecto senala el articulo 1960 del codigo civil: «La cesion no produce efecto contra el deudor ni contra terceros, mientras no ha sido notificada por el cesionario al deudor o aceptada por este.»