Cession of Book Debts

This Cession of Book Debts can be used where a debt is owed or may in the future be owed by a person, and additional security is required. By signing this Cession of Book Debts, the debtor transfers to the creditor the right to claim money that is owed to the debtor by the debtor’s customers.     

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The Cession of Book Debts gives you as the creditor additional security. In the event that the debtor defaults in payment, you can use this Cession of Book Debts to claim any money that is owing to the debtor by the debtor’s customers. 

If your business has debtors that owe money, this Cession of Book Debts can be used to reduce your risk in the debtor defaulting.  

The Cession can be printed onto one A4 page.