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
@southbaylawfirmAug 12
Michael Good
@southbaylawfirmAug 12
Commercial BKs up by 23% last month; investors diving into subprime debt; demand for 2d lien loans growing in US -… https://t.co/vBO3TFx0ez
Michael Good
@southbaylawfirmJul 28
June 2018 BK Filings Off 2.8% YOY; 9th Circuit on Successor Liability; Tax J'xn Under Section 105 - and more. https://t.co/xA5dxuVfMb