8081 Orangethorpe Avenue
Buena Park, CA 90621
Tel: (714) 522-8880
Fax: (714) 522-3120
16912 Gridley Place
Cerritos, CA 90703
Tel: (562) 403-0160
Fax: (714) 522-3120
This law firm web site is intended for those seeking to find an alternative to Bankruptcy, inquire about General Assignments for the Benefit of Creditors; Assignee Administration; asset liquidations or an insolvency attorney / lawyer in Southern California.

We serve clients from Los Angeles County, Orange County, Riverside County, San Bernardino County, Ventura County and the Inland Empire.

Southern California Area Codes 213, 323, 909, 951, 805, 626, 562, 714, 949, 619, 858 and 760


The General Assignment for the Benefit of Creditors is a financial tool utilized by companies to provide their creditors the highest possible dividend with the lowest possible fees and costs within a short period of time. The General Assignment process is a California sanctioned liquidation procedure wherein all the assets of an entity, whether it be a corporation, limited liability company or partnership, are assigned to an independent third party fiduciary called an Assignee. ________________________________________________________________

Mr. Cohen, (The Assignee) is responsible for the noticing of the Assignment to all creditors, setting a claims bar date for claims and liquidating the assets in an economically efficient manner. The Assignee may be able to shield the debtor's assets from judgment execution*, to liquidate the assets in a timely manner without court supervision and is not subject to bulk sales laws, thus being able to sell a business and/or its assets quickly providing a huge savings of both time and money** . In the event that trust fund taxes such as employee withholding or sales taxes are owed by the debtor, there is a far greater chance that theses taxes will get paid then in a Bankruptcy due to the efficient nature of General Assignments for the Benefit of Creditors. Banks and other secured creditors benefit from either agreeing to or recommending a General Assignment for the Benefit of Creditors in that the debtor is no longer in control of the assets but rather in the hands of an uninterested third party or fiduciary that specializes in liquidating companies. There is no lender liability as the Assignee operates entirely independent of creditors though the Assignee still works closely with the debtor, the bank and other financially interested parties by providing progress reports and bulletins.

Mr. Cohen handles the entire liquidation from start to finish and has the ability, if necessary, to continue to operate the business for a short period of time if it is economically justified. The Assignee also has the ability to retain the accounts receivable personnel and other indispensable employees of the debtor which aid in the collection of the remaining receivables and the sale of the assets. Sale of estate assets can be via public auction or private sale.

Alternative Bankruptcy Concepts, Inc., by and through its principal Robert L. Cohen, Esq. is the Assignee and has extensive knowledge of liquidation procedures, Bankruptcy and insolvency related matters, preferential transfers and trust fund taxes to complete an Assignment under the most seemingly difficult circumstances. Mr. Cohen has acted as the Assignee in several million dollar cases as well as very small cases. Call for your free consultation and case evaluation as to the proper insolvency vehicle that protects you, preserves operating assets or wraps up a declining business. Mr. Cohen looks forward to having the opportunity to assist you in the very near future.

Please call Mr. Cohen at (714) 522-8880 for your free consultation.

* CCP §493.030 states “(a) The making of a general assignment for the benefit of creditors terminates a lien of a temporary protective order or of attachment if the lien was created within 90 days prior to the making of the general assignment.”

** Bankruptcy Courts are no longer routinely approving asset sales unless there is a meaningful recovery for unsecured creditors putting pre-packaged Bankruptcy sales in jeopardy.


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Buena Park, California Lawyer practicing in California primarily in Bankruptcy. Attorney Robert L. Cohen is to serve his clients in California, including: Agoura Hills - Alhambra, Arcadia, Artesia, Avalon, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Brentwood, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada Flintridge, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa FE Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Thousand Oaks, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier.

Also Viejo and the cities of Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda.
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