Assignment For The Benefit Of Creditors

Legal Definition and Related Resources of Assignment For The Benefit Of Creditors

Meaning of Assignment For The Benefit Of Creditors

The transfer without compulsion of law by debtor of his property to an assignee in trust to apply property or proceeds thereof in payment of his debts and to return surplus if any . U.S. v Gotwals, 156 F.2d 692, cert, den. 329 U.S. 781.

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Assignment For The Benefit Of Creditors in Historical Law

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Legal Abbreviations and Acronyms

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Meaning of Assignment for the Benefit of Creditors

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See Also

  • Debtor
  • Creditor
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