Assigment
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Assigment

ASSIGNMENT

When a liquidation or quick sale of a business is in prospect, an assignment for the benefit of creditors (ABC) offers a statutorily recognized and contractual method of addressing insolvency.

ABCs often provide a viable and inexpensive means of sale when a firm’s liquidity crisis precludes the use of Chapter 11, or when an appointed Chapter 7 trustee is unlikely to maximize the value of the firm’s intellectual property or relationship capital.

South Bay Law Firm can help clients weigh the comparative benefits of this and other liquidation alternatives in light of their unique circumstances.  We can also utilize our extensive network of existing relationships with assignees to determine the optimal fit for the client’s particular situation.

Michael Good
@southbaylawfirmAug 17
Bankruptcy And Insolvency News And Analysis – Week Ending August 16, 2019 https://t.co/gUcUJJBy3E South Bay Law Fir… https://t.co/jWdokAGeL7
Michael Good
@southbaylawfirmAug 12
Bankruptcy And Insolvency News And Analysis – Week Ending August 9, 2019 https://t.co/loJkGFdPz0 South Bay Law Firm… https://t.co/B05djVwxfQ
Michael Good
@southbaylawfirmAug 04
Bankruptcy And Insolvency News And Analysis – Week Ending August 2, 2019 https://t.co/XryxviqIYG South Bay Law Firm… https://t.co/yyo98xCRlT