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
@southbaylawfirmJun 16
Bankruptcy And Insolvency News And Analysis – Week Ending June 14, 2019 https://t.co/Z9C0Zuy6NE South Bay Law Firm… https://t.co/M93KGdR0JC
Michael Good
@southbaylawfirmJun 09
Bankruptcy And Insolvency News And Analysis – Week Ending June 7, 2019 https://t.co/JXxlu4b4Xu South Bay Law Firm J… https://t.co/uMjUZI1e10
Michael Good
@southbaylawfirmJun 05
California Lawyers’ Association Cases of Interest - Mission Product Holdings, Inc. v. Tempnology (United States Sup… https://t.co/CCRIQKtL4z