Helping you transfer title to a debt in exchange for cash.

Can be used to convert a debt you are owed into cash, leaving the debt to be collected by someone better equipped to do so.

If you’re a small businessperson, you’ve probably had experience with bad debt — you’ve provided goods or services to someone and haven’t been paid for them. If so, you may have taken out a lien on the person’s property to try to make sure you eventually get paid. Once you’ve established your claim, it may make sense for you to sell your rights to the debt (assign the lien) to someone who specializes in debt collection.

This two-page form provides the legal document you need to make this transfer with minimum expense, since a notary will only have to witness the document, not draw it up.

TWO-PAGE FORM ALLOWS YOU TO SPECIFY:

• names and addresses of assignor and assignee
• the property on which the lien is registered
• the register that lien is recorded in
• the sum for which the lien is changing hands

IT ALSO GIVES YOU:

• legal wording for the transfer of all rights in the lien
• legal wording for the notary’s witnessing statement

Contents reviewed and approved by attorneys or industry experts