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ABC Could Not Later File Bankruptcy

Published On: January 6th, 2016 | Author: Perry Law, P.C. | Category: Bankruptcy Business Startup, Finance and Governance Creditors' Rights Florida

In a recent decision – 2015 WL 9241140 – the 11th Circuit held that after a business  executed an assignment for the benefit of creditors the appointed assignee could not then subsequently file the business into a bankruptcy.  However, the Court did leave the door open that an assignment could potentially expressly confer this power.  The case illustrates the importance in planning the wind down of a company and evaluating all options.

Perry Law is licensed to practice in Arizona, Florida, Idaho, Oregon and Washington, we are a regional law firm, that gets large firm results.

When faced with a difficult legal situation, you want to make certain you have the best representation and legal team in your corner. At Perry Law, our attorneys and support team are here to ensure you the most sound advice and legal counsel possible.  Perry Law is a regional law firm with attorneys licensed in Arizona, Florida, Idaho, Oregon, and Washington. The firm represents over seventy years of combined legal experience.