Putting the Law to Work for You
For Businesses – Business Organizations and Transactions
Assignment for Benefit of Creditors
The method of distribution of assets in an Assignment for Benefit of Creditors is different than the distribution scheme set forth under the bankruptcy laws. In many cases, an Assignment for Benefit of Creditors is preferrable to a bankruptcy filing because of the way creditors are paid.
Maselli Warren, P.C. has experience acting as an Assignee, and also advising a client to proceed with an Assignment for Benefit of Creditors. This is a little used legal remedy that many lawyers are unfamiliar with, even though it can provide substantial relief in the right situation.
When your company is in financial disarray, you need an attorney familiar and experienced in all of the legal forms of relief that are available, including an Assignment for the Benefit of creditors. Maselli Warren, P.C. is the law firm with the experience to help.