Assignment for Benefit of Creditors : Creditors' Remedies

Assignment for Benefit of Creditors

Assignment Under UCC
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC

Copelco Capital, Inc. v. Packaging Plus Services, Inc., 1997 WL 633893 (N.Y.A.D. 10/14/97). ASSIGNMENTÃÂUCC ÃÂ§9-206(1).
The Bankruptcy Code Preempts California Law: Preferences May Now Be Set Aside Only In Federal Bankruptcy Court
Dean M. Gloster,Alex Potente,Robert H. Sloss and Kelly A. Woodruff of Farella Braun + Martel LLP

A California assignee for benefit of creditors may no longer use California Code of Civil Procedure § 1800 ("Section 1800") to recover preferential payments to creditors made before the assignment, according to the Ninth Circuit.