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
@southbaylawfirmOct 20
Bankruptcy And Insolvency News And Analysis – Week Ending October 18, 2019 https://t.co/HX2DLdVdn2 South Bay Law Fi… https://t.co/lV1YXkEAtV
Michael Good
@southbaylawfirmOct 13
Bankruptcy And Insolvency News And Analysis – Week Ending October 11, 2019 https://t.co/FEQBWHLqep South Bay Law Fi… https://t.co/VOsPWfVI28
Michael Good
@southbaylawfirmSep 22
Bankruptcy And Insolvency News And Analysis – Week Ending September 20, 2019 https://t.co/93SZSaSKnG South Bay Law… https://t.co/I4pYDmFFVU