-An ABC affords a guarantee on the transfer claims between buyer and seller, often proving a reliable alternative to fallacious buy/sell schemes.
-The scenario requires that the party give up total custody and control, as well as both legal and equitable titles, to the assignee.
-In turn, the assignee leverages proceeds towards the management of the original owner’s debt.
-Once an assignee garners control, the party will liquidate all relevant property and retain only assets.
-Those selling assets may not wield warranties.
Of course, self-education is important, but trustworthy legal representation will make all the difference. Suzzanne Uhland and other attorneys experienced in bankruptcy matters can lead you through the complexities and ensure minimal headaches.