Assigment - South Bay Law Firm
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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
@southbaylawfirmFeb 18
Bankruptcy and Insolvency News and Analysis – Week Ending February 15, 2019 https://t.co/f0ZlOri43j South Bay Law F… https://t.co/gVBTmWvI7d
Michael Good
@southbaylawfirmFeb 11
Check out recent developments in bankruptcy law (cases reported through 593 B.R. 68 and 910 F.3d 1300). https://t.co/30GAy8eQvg
Michael Good
@southbaylawfirmFeb 11
Bankruptcy and Insolvency News and Analysis – Week Ending February 8, 2019 https://t.co/lbUQ9VxvL5 South Bay Law Fi… https://t.co/CI7IqPjwQk