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Forestry, Parks and TourismLands DivisionLands Delivery & Coordination North Branch Public Lands Disposition Management 5th floor, South Petroleum Plaza 9915 108 Street Edmonton, Alberta, T5K 2G8

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What is application for general assignment?

An application for general assignment is a legal document filed by a debtor to assign their assets to a trustee for the benefit of creditors, typically in situations of financial distress.

Who is required to file application for general assignment?

Typically, individuals or businesses facing insolvency or significant financial difficulties are required to file an application for general assignment.

How to fill out application for general assignment?

To fill out an application for general assignment, provide accurate information about the debtor's financial situation, including assets and liabilities, and complete all required sections of the form as prescribed by the relevant authority.

What is the purpose of application for general assignment?

The purpose of the application for general assignment is to legally transfer the control of the debtor's assets to a trustee for the orderly liquidation and distribution of assets to creditors.

What information must be reported on application for general assignment?

The application must report information such as the debtor's identity, a list of assets and liabilities, income details, and a declaration of the financial situation.

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