LAWSONESQ

A $49,000 Demand in an Assignment Proceeding Settled for $5,000

Easyship Inc. defended an assignment-for-the-benefit-of-creditors proceeding, and a $49,000 commercial liability demand resolved for a $5,000 payout.

$49K → $5K

reduced in an ABC proceeding

Resolved
Pre-suit

The situation

Easyship Inc. was drawn into an assignment-for-the-benefit-of-creditors proceeding carrying a $49,000 commercial liability demand.

The approach

The assignment structure and the true measure of the client's exposure were contested directly rather than absorbed as a claim of the failed enterprise.

The outcome

The demand resolved for a $5,000 payout.

Assignments for the benefit of creditorsCreditor proceedings

Prior results do not guarantee a similar outcome. Each matter is different, and the results described here were achieved on the specific facts of those matters.

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