Chicago Bankruptcy Attorney
JMH Legal Group was formed to provide forward-thinking legal representation in a cost effective manner. Whether you are a consumer, small business, or representative of a major corporation, we pride ourselves on offering smarter legal solutions without marginalizing our clients. What that means for you, is that you will be able to speak to your attorney on a regular basis without the clock running. This is why we always offer free legal consultations to all of our prospective clients. We believe that a strong legal firm is built on strong relationships with its clients.
Our attorneys are experienced representing parties ranging from individuals to Fortune 500 companies. Our wide-range of practice areas allows us to analyses your unique legal needs from a variety of different perspectives, and ultimately implement an intelligent legal solution based on your goals
Not all businesses require the expense and complications that can be involved in filing for bankruptcy. Assignments are commenced by formally transferring most, if not all of a business’ assets to an assignee, in trust, to apply the property or its proceeds to the payment of debt and to return any surplus to the debtor.
Like in bankruptcy, the assignee in an assignment for the benefit of creditors assumes the general responsibilities of a trustee in bankruptcy. Further, similar to Chapter 7 bankruptcy cases for corporations, partnerships, and/or Limited Liability Companies, assignments will not discharge assigning debtors from any of their debts or liabilities unless the assets are sufficient to pay claims in full. Therefore, assignments are generally used to liquidate debtors who no longer wish to continue operations. In addition, the assignee acquires only the debtor’s title to the assigned assets. Such property may be subject to pre existing liens, claims, and encumbrances that remain valid against the assignee.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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|Target State: Illinois|
Target City : Chicago
Last Update : Feb 07, 2018
Number of Views: 87
|Item Owner : Chicago Bankruptcy Attorney|
Contact Phone: (630) 701-3941
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