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Receiverships to Maintain Marital Dissolution

17. Do I, as a principal of the Assignor, have any input or control over the General Assignment process?

  • Principals of an Assignor have no legal right to participate in the ABC process
  • However, we have found that the principals of an entity most often are most familiar with their industry and no best how to maximize the value of the assets
  • An ABC allows the participation of an Assignor's principal whereas it never occurs in a chapter 7 bankruptcy process