Assignments of book debts-bankruptcy and liquidation, Financial Accounting

Assignment Help:

Assignments of book debts

The trustee can set aside an assignment of existing or future book debts, whether absolute or by way of charge, unless the assignment was registered as an absolute bill of sale, except in the case of debts:

  • Due at the time of the assignment from specified debtors; or
  • Growing due under specified contracts; or
  • Included in a bona fide transfer of a business for value; or
  • Included in an assignment of assets for the benefit of creditors generally.

 


Related Discussions:- Assignments of book debts-bankruptcy and liquidation

FIAR VALUE ALLOCATIONS, How do I figure fair value of assets..2 year estima...

How do I figure fair value of assets..2 year estimated useful life and indefinite life recognized by purchased company

Financial leverage - ratio analysis, Provide a brief (one typed page) discu...

Provide a brief (one typed page) discussion of analysis of the ratios of your company versus the competitor and the industry, addressing your company's liquidity, solvency, profita

What is the break-even point in sales and units, The Soft-Flow Ink Company'...

The Soft-Flow Ink Company's income statement for the preceding year is presented below. Except as noted, the costs revenue relationship for the coming year is expected to follow t

Conclusion on overtrading, Q. Conclusion on Overtrading? The majority o...

Q. Conclusion on Overtrading? The majority of the evidence suggests that our company is moving into an overtrading situation, although the evidence is not conclusive. Current p

Committee of inspection-bankruptcy, COMMITTEE OF INSPECTION Appointme...

COMMITTEE OF INSPECTION Appointment : A committee of inspection may be appointed by the creditors at their first or any subsequent meeting to supervise the trustee.

What are the advantage of limited liability, What are the Advantage of limi...

What are the Advantage of limited liability Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of i

Real estate investment trust, Real Estate Investment Trust (REIT) - Investo...

Real Estate Investment Trust (REIT) - Investor-owned TRUST that invests in real estate and, in place of paying income tax on its income, reports to each of its owners her or his pr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd