assignment for the benefit of creditorの例文

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1. In October 2014, Sensa declared insolvency and ceased operations, and entered into an assignment for the benefit of creditors.
2. The assets sold in an assignment for the benefit of creditor process do not usually require a judge's intervention.
3. An assignment for the benefit of creditors is a relatively well-established common law tool and is one alternative to a bankruptcy.
4. The assignment for the benefit of creditors is a state form of bankruptcy action versus a federal form of bankruptcy action.
5. An assignment for the benefit of creditors is designed to save time and expense by concluding the affairs of a bankrupt company.