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
Interesting - and significant - study on valuation in corporate BK's; recap of Supreme Court cases. And more.… https://t.co/cevQsPos7C
Michael Good
@southbaylawfirmJun 03
BANKR SDNY recognizes UK restructuring with 3p releases. That and more available this week. https://t.co/YWIoSw02Ys https://t.co/jijWjYK0J8
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