Legal Question in Business Law in California

Assignment for Benefit of Creditors Protection.
We have two outstanding invoices with a CA business. The owners of that business sold it to their son and are dissolving another business that they owned. The parents owned both businesses under one corporation. The other business is proceeding with an assignment for benefit of creditors. The business the son now owns and that owes us money is still doing business.

We received a letter notifying us of the assignment and a deadline for filing with them. However, we have never done business with the one that is going through the assignment. It would seem to me that the son's business still owes us for the invoices as that business isn't part of the assignment. There is not much money involved with us but I am curious how this may work for them.
Thank you.

Asked on 2/22/05, 3:35 am

Christopher M. Brainard, Esq. C. M. Brainard & Associates - (310) 266-4115

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Re: Assignment for Benefit of Creditors Protection.

How much are the invoices for? You can contact me. I handle cases like this.

Answered on 2/22/05, 2:13 pm

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