7. Can the assets transferred in an Assignment for the Benefit of Creditors be sold in a manner to preserve their ongoing value?
Yes. However, the transaction must be fair and equitable.
Before transferring the assets of an entity through a General Assignment, Equitable Transitions obtains independent third-party evaluations of the assets and determines the security and other interests which may exist in the assets
Equitable Transitions conducts an arm's-length negotiation with the prospective buyer of the assets to assure that they are being sold for a fair and reasonable price based on reasonable business judgment.
The process assures a value will be obtained for the assets equal to or greater than the valuation obtained by Equitable Transitions
