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Debt Assignment

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Debt Assignment
A transfer of debt from a creditor to a third party.

Notes:
In a debt assignment, a creditor assigns the debt that is owed and all rights associated with it to a third party. This may occur at a personal or corporate level, and the debtor should remain unaffected unless new terms are agreed upon.
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The outlook for all Conseco's ratings, including this debt assignment, is positive.
A.M. Best Assigns Rating to Conseco Convertible Exchangeable ... by Business Wire
Aviation Group received $800,000 in cash and debt assignment for its Casper operations, while retaining working capital and other assets not sold with a net liquidation value of approximately $400,000.
Aviation Group, Inc. Announces Sale of its Casper Air Service ... by Business Wire
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