What do the announcement of creditor's rights transfer and the joint announcement of debt collection mean?

1. The transfer of non-performing assets of banks is essentially the transfer of contractual rights.

2. The joint announcement is a means for the asset management company to serve the notice of assignment of creditor's rights to interrupt the limitation of action.

3. By means of joint announcement, it means that the assignor and assignee of creditor's rights serve notices to the debtor and guarantor at the same time.

According to the law, the debtor needs to be informed of the transfer of creditor's rights, because it can make the debtor perform the debt to the new creditor. If the debtor is not notified, the debtor will perform the debt to the original creditor, and the creditor will accept it. The debtor's performance still has the effect of debt elimination. The Contract Law does not stipulate the form of notice, so any notice that can reach the debtor is ok, but if the notice is delivered to the debtor in writing or notarization, it will be much less difficult to prove in case of dispute. If the original creditor has no strong relationship with the new creditor or any other relationship, it proves that it has assigned its creditor's rights to the debtor, and the notice will take effect if the debtor knows it. According to the allocation rules of burden of proof, it is easier to prove the existence of a fact than to prove its non-existence, so the party claiming the existence of the fact bears the burden of proof, and the denial of the other party does not exempt the new creditor from the obligation of proof notice.