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
@southbaylawfirmApr 23
The Year in Bankruptcy (2017), Creditor Protections in Mult-Debtor BKs - and more. https://t.co/cpOdQa4OAu https://t.co/mWEeMM9k8B
Michael Good
@southbaylawfirmApr 15
Non-consensual 3p releases: Different standards under Chapter 15 than under Chapter 11? Check it out.… https://t.co/qdAaRbYsF8
Michael Good
@southbaylawfirmApr 06
This week: TMA on post-confirmation trusts; CA9 on admiralty v BK jxn; and more. https://t.co/Skbe75S1B9 https://t.co/oGNCJceWXW