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    Assignment in Payment of Debt

    Uploaded by

    Eliseo C. Alibania, Jr.
    This document is a deed of assignment transferring ownership of a property from a debtor to a creditor in payment of debt. It identifies the parties, describes the property being assigned, and documents the acceptance of the property in settlement of the debt owed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Assignment in Payment of Debt

    Uploaded by

    Eliseo C. Alibania, Jr.
    28 views1 page
    This document is a deed of assignment transferring ownership of a property from a debtor to a creditor in payment of debt. It identifies the parties, describes the property being assigned, and documents the acceptance of the property in settlement of the debt owed.

    Copyright

    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    This document is a deed of assignment transferring ownership of a property from a debtor to a creditor in payment of debt. It identifies the parties, describes the property being assigned, and documents the acceptance of the property in settlement of the debt owed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views1 page

    Assignment in Payment of Debt

    Uploaded by

    Eliseo C. Alibania, Jr.
    This document is a deed of assignment transferring ownership of a property from a debtor to a creditor in payment of debt. It identifies the parties, describes the property being assigned, and documents the acceptance of the property in settlement of the debt owed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Form No. 11. - Assignment in payment of debt.

    DEED OF ASSIGNMENT

    KNOW ALL MEN BY THESE PRESENTS:

    This INSTRUMENT, made and executed by and between (Name of debtor ),


    single/widower/married to .................................., of legal age,.......................... citizen, and resident
    of ..........................................., hereinafter called the ASSIGNOR, and (Name of creditor),
    single/widower/married to ....................................., of legal age, ................................citizen, and with
    residence and postal address at .................................................., hereinafter called the ASSIGNEE,

    WITNESSETH:

    That the ASSIGNOR acknowledging to be justify indebted to the ASSIGNEE in the sum
    of ......................................, Pesos (P................), Philippines currency, as of this date, he(or she), in full
    settlement thereof, does by these presents assign, transfer, convey and set over unto the ASSIGNEE that
    certain real estate, with the buildings and improvements thereon, situated...................................., and
    more particularly described as follows:

    (Description of the property)

    of which the ASSIGNOR is the registered owner, his/her title thereto being evidenced by
    Transfer/Original of Title No. ........................., issued by the Registrar of Deeds
    of............................................

    That the ASSIGNEE does hereby accept this assignment in payment of the total obligation owing
    to him/her by the assignor as above stated, (giving to the ASSIGNOR, however, an option to repurchase
    the above-described property from the ASSIGNEE for the sum of .................................Pesos(P................),
    within a period of ........................................months from and after the date hereof, which right shall
    automatically be deemed cancelled if not exercised within said period.)

    IN WITNESS WHEREOF, the parties hereto have hereunto set their hands at...............................,
    Philippines, on this...............day of.............., 20......

    ................................................... ............ ......................................


    Assignor Assignee
    TIN- TIN-

    WITH MY MARITAL CONSENT:

    ............................
    (Wife or Husband of Vendor)
    TIN

    SIGNED IN THE PRESENCE OF:


    ........................................................................................................................................................................
    (Notarial Acknowledgment)

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