November 26, 2022
See how it works and ask your questions

See how it works and ask your questions

Estimated reading time: 3 Minutes

Many people have doubts about what the rules are when it comes to awarding court orders to third parties. Although this has been a permissible practice for some time, this market is well established in Brazil. Therefore, our goal in this text is to remove some of the doubts that this type of operation still raises among the state’s creditors. So, to see how modulus mapping works, check out more below.

Clear your doubts about the allocation of institutes

First, it is important to explain what processors are. first It is the debts of the union with individuals, legal entities, states and municipalities recognized in final court decisions. Therefore, they do not accept the resources and they must be paid by the government.

As for the assignment credit, are legal negotiations in which a creditor (to whom he owes money) transfers an obligation, called the assignor, to a third party, called the assignee, its active position in a binding relationship. That is, it is a debt transfer, and the third party is entitled to receive the amount due.

In this way, the assignment of credit can provide significant advantages to plant owners. This is because the transferor can therefore receive the payment up front, usually in cash, and avoid a long wait. At the same time, the assignee guarantees an investment with a return. After all, by law, the government must allocate part of the budget for this.

How does the public and private process work

At present, assignment of credit can occur in two ways. by a public or private tool. In the first, the assignor transfers to the assignee his active position in the preliminary process, through a public instrument, recognized by a notary. In the second, the process is carried out through a special instrument, signed between the parties, with a notarized signature.

Finally, according to the law, a creditor may assign all or part of his credits in court orders to third parties, regardless of whether the debtor agrees or not. But it is necessary to formally inform this decision. In addition, judicial approval of the license application is required. This ensures greater security for the initial tasks. If in doubt, consult a lawyer.

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