Describe Involuntary or Assignments by Operation of Law

Question

Describe Involuntary Assignments or Assignments by Operation of Law?

Answer 1

When somebody dies, law repeatedly assigns that person’s rights as well as obligations to a individual representative (executor or administrator). Personal representative is able to stand in deceased's shoes and assert rights of deceased and accomplish his/her obligations. A person who does not willingly declare bankruptcy but whose creditors are successful in obtaining a receiving order has both his assets and responsibilities, mutually with contractual rights and obligations, allocates to the trustee in bankruptcy.