Insolvency Law Committee Updates Assignment for Benefit of Creditors Desk Guide

Six years after publishing the popular First Edition of the Assignment for the Benefit of Creditors Desk Guide, the Insolvency Law Committee of the Business Law Section of the California Lawyers Association has updated and enhanced the Guide for continued use by assignors, assignees, creditors, landlords, purchasers of assets, owners, accountants, real and personal property brokers and other related professionals. The Second Edition captures in an indispensable single volume (electronic and paper versions) updated relevant California and Federal statutes, case law precedents, a bibliography of source materials, an enhanced tax section and commentary on current legal developments regarding preference avoidance and federal preemption issues that sometimes occur during a California Assignment for the Benefit of Creditors.  

Given the financial conditions created by COVID-19, this publication is timely for parties considering options involving liquidation and the need for alternatives to dissolutions or Chapter 7 or 11 bankruptcy cases.  All insolvency law practitioners should have this volume in their “tool kit” for dealing with insolvencies.

The Assignment for the Benefit of Creditors Desk Guide, Second Edition is available for purchase now at $55 member / $65 non-member.