Category: Assignment for Benefit of Creditors

Assignment for Benefit of Creditors vs. Chapter 7 Bankruptcy

When a liquidation is in the company’s best interest, the initial impulse is to get it over with as fast…

2 years ago

Legal Lingo: Assignment for Benefit of Creditors

An Assignment for Benefit of Creditors is an analog to the more widely understood Chapter 7 Bankruptcy liquidation. It is a voluntary…

3 years ago

Surviving Bankruptcy: Assignment for Benefit of Creditors and You

Few start a business assuming that they are going to fail – and many more keep believing that they aren't…

3 years ago