South Bay Law Firm | Assigment
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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
@southbaylawfirmMay 07
"Bankruptcy and Insolvency News and Analysis – Week Ending May 5, 2017" https://t.co/hIMt8qWzR3 on @LinkedIn
Michael Good
@southbaylawfirmMar 20
"Bankruptcy and Insolvency News and Analysis – Week Ending March 17, 2017" https://t.co/mNrBQlec5A on @LinkedIn
Michael Good
@southbaylawfirmMar 05
"Bankruptcy and Insolvency News and Analysis – Week Ending March 3, 2017" https://t.co/BqOtbWOVaL on @LinkedIn