A Bankruptcy Lawyer and Attorney Andy Miofsky

2249 Pontoon Road, Granite City Illinois 62040 - 618/931-1313

An Illinois Bankruptcy Lawyer and Attorney Offering Chapter 7 and Chapter 13 Bankruptcy Attorney Assistance in Madison County, St. Clair County, Jersey County, Clinton County, Effingham County, Monroe County and Southern Illinois

Assignment of Claim
An Assignment of Claim is a procedure used by one creditor to transfer its claim to another creditor.  It is a common practice in the business of debt buying and securitized transactions.  The amount of the claim should never changed based on an assignment.  Ordinarily this does not affect your case and you do not have to take any action.  It only means that instead of owing the debt to Creditor A you now owe the debt to Creditor B.
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