A secured creditor holding certain assets moveable and immovable assigns the debt to an assignee after default by the borrower.
What are the rights and duties of the assignee?
Is the assignment de facto a sale?
If the assignee has paid consideration for securing the assignment from the creditor, is the assignor/creditor entitled to keep the same and apply it towards the debt unconditionally?
If the assignee obtains a higher price than the price paid by him to the assignor, is he entitled to keep the same as his profit?
Is the realisation by the assignee to be applied in full towards the debt owed by the defaulting borrower?
thanks for advice.