South Bay Law Firm | Assigment
4538
page-template,page-template-full_width,page-template-full_width-php,page,page-id-4538,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-child-theme-ver-1.0.0,qode-theme-ver-11.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

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
@southbaylawfirmJul 22
"Bankruptcy and Insolvency News and Analysis – Week Ending July 21, 2017" https://t.co/5Ah8VBOycX by @southbaylawfirm on @LinkedIn
Michael Good
@southbaylawfirmJul 22
Bankruptcy and Insolvency News and Analysis – Week Ending July 21, 2017 Check it out - https://t.co/BxNMNVG7vv. https://t.co/3jbG0JKLIR
Michael Good
@southbaylawfirmJul 15
"Bankruptcy and Insolvency News and Analysis – Week Ending July 14, 2017" https://t.co/IOyUvBllmo on @LinkedIn