10. What can I expect will happen once the General Assignment is made and how long will it take?
All of the assets of the Assignor will be liquidated as promptly as possible consistent with obtaining the highest value possible
All creditors of the Assignor will receive notice of the General Assignment and have an opportunity to file claims for a period not to exceed 180 days
Once the claims period has expired and, if sufficient cash is available, a distribution to creditors will be made.
The distribution will be a final distribution if all assets have been liquidated
The distribution will be an interim distribution (meaning the first of more than one payment on account of claims) if full assets have not been liquidated and sufficient funds warrant a distribution
If the assets can be liquidated promptly, final distributions to creditors can be made within seven to eight months after the making of the General Assignment
