Assignment | South Bay Law Firm
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Assignment

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
@southbaylawfirmJan 17
BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING JAN 15, 2021 https://t.co/lLBNWa8CLs South Bay Law Firm J… https://t.co/FqU122qWui
Michael Good
@southbaylawfirmJan 11
BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING JAN 08, 2021 https://t.co/5gbaF2wjoB South Bay Law Firm J… https://t.co/BXss8AfoRP
Michael Good
@southbaylawfirmJan 11
BANKRUPTCY AND INSOLVENCY NEWS AND ANALYSIS – WEEK ENDING JAN 08, 2021 https://t.co/5gbaF2wjoB South Bay Law Firm J… https://t.co/HGM17FMBFa