Equitable Transition

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Long Beach, CA 90802
Phone: 562-435-0800
Fax: 562-435-6335


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Receiverships to Maintain Marital Dissolution

20. What are the risks to a buyer of assets from a Assignee under a Assignment for the Benefit of Creditors?

  • If the sale of the assets is properly conducted, the risks to a buyer with respect to the creditors of the Assignor is very remote
  • However, it is our practice to request that the purchaser retain their own counsel to advise them on the best ways to be protected against the claims of the creditors of an Assignor once the sale is completed.