Maryland Assignment of Judgment is a legal process in which a creditor assigns the rights to collect a debt to a third party. It is a form of debt collection and is commonly used in Maryland when a debtor fails to make payment on a court judgment. There are two types of Maryland Assignment of Judgment: voluntary and involuntary. Voluntary Assignments of Judgment are when a creditor agrees to assign the right to collect a debt to a third party. This is done in exchange for payment of the debt. Involuntary Assignments of Judgment are when a creditor is forced to assign the right to collect a debt to a third party due to a court order. The court order may be due to the debtor failing to make payment on the court judgment. In either case, once the Assignment of Judgment is complete, the third party will be able to collect the debt from the debtor.
Maryland Assignment of Judgment is a legal process in which a creditor assigns the rights to collect a debt to a third party. It is a form of debt collection and is commonly used in Maryland when a debtor fails to make payment on a court judgment. There are two types of Maryland Assignment of Judgment: voluntary and involuntary. Voluntary Assignments of Judgment are when a creditor agrees to assign the right to collect a debt to a third party. This is done in exchange for payment of the debt. Involuntary Assignments of Judgment are when a creditor is forced to assign the right to collect a debt to a third party due to a court order. The court order may be due to the debtor failing to make payment on the court judgment. In either case, once the Assignment of Judgment is complete, the third party will be able to collect the debt from the debtor.
