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Robin

How to file Assignment of bankruptcy claim.

We recently bought a loan from a company, the customer is in bankruptcy. How do I file an Assignment or Transfer of Claim in Texas bankruptcy court?

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business

Posted 2009-09-10T21:17:09Z
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Masterflagger

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Have an attorney draft the deed. You can purchase form quitclaim deeds from legal document companies, but an attorney will have the expertise to review the exact legal description of the property and to draft the proper transferring language to transfer the property.

Step 2
Review the deed for errors. Ensure that all names are spelled correctly and the property is described accurately. Check for transposed numbers and errors in the grantee's address. Anyone not listed as a grantee will not gain any of the rights transferred by the deed.
Step 3
Execute the deed. Grantors, and especially grantees, must sign the quitclaim deed in the presence of a notary public. The quitclaim deed must bear the notary public seal of your jurisdiction. Some jurisdictions may also require the notarized signature of two witnesses. If an attorney prepared the quitclaim deed, her signature must also be included on the document.
Step 4
Record the deed. Once the quitclaim deed has been executed, the grantee must take possession of the deed and take it to the local recording office for recording. Be sure to have the recording fee; the amount may very based on how many pages in the document.
Step 5
Store the deed securely. Once you have properly recorded the deed, ask your attorney to store the deed at the law office or keep the deed in another safe, secure location.

Posted 2009-09-10T21:29:22Z

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