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» Financing » Topics begins with A » Assumpting of a debt


Page modified: Saturday, June 24, 2006 10:36:07

The assumpting of a debt is in the German and Austrian law of contract a personnel change of the obligation, with which to the place of the past debtor a new debtor steps. The agreement of the creditor is necessary, so that it is protected against forcing a perhaps insolvent debtor upon. The German right regulates the assumpting of a debt in "§"§ 414 FF. the civil law book (BGB).

Demarcations

  • Debt entry: To the past debtor cumulatively a further debtor steps.
  • Endorsement

Classification

Changes of the obligation

  • personnel
    • Change of the creditor
      • Assignment
    • Change of the debtor
      • Assumpting of a debt
      • Debt entry
  • contentwise
    • Novation
    • Comparison
    • Acknowledgement

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