Is it legal to transfer the company's creditor's rights to individuals?

Legal analysis: it is legal for the company's creditor's rights to be transferred to individuals. A company can transfer its debts to individuals, and the company needs to meet certain conditions and obtain the consent of creditors. The debtor or a third party may urge the creditor to give consent within a reasonable time. If the creditor fails to express it, it shall be deemed as disagreement. If the debtor transfers the debt, the new debtor may claim the defense of the original debtor against the creditor; Where the original debtor enjoys the creditor's rights, the new debtor may not claim offset from the creditor.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 551 Where the debtor assigns all or part of the debt to a third person, it shall obtain the consent of the creditor. The debtor or a third party may urge the creditor to give consent within a reasonable time. If the creditor fails to express it, it shall be deemed as disagreement.

Article 552 Where the third person agreed with the debtor to join the debt and informed the creditor, or the third person indicated to the creditor that he was willing to join the debt, and the creditor did not explicitly refuse within a reasonable period, the creditor may request the third person to bear joint and several debts with the debtor within the scope of the debt he is willing to bear.

Article 553 Where the debtor transfers the debt, the new debtor may claim the defense of the original debtor against the creditor. Where the original debtor enjoys the creditor's rights, the new debtor may not claim offset from the creditor.

Article 554 Where the debtor transfers the debt, the new debtor shall bear the subordinate debt related to the main debt, except that the subordinate debt belongs exclusively to the original debtor.