Special Proceedings for Assignment of Benefits to Creditors – California Globe

Special Proceedings for Assignment of Benefits to Creditors – California Globe

California Code of Civil Procedure Part 3, Title 11.7 deals with the recovery of preferences and exempt property in an assignment for the benefit of creditors. Section 1800 defines the following terms: “insolvent,” “inventory,” “insider,” “relative,” “affiliate,” “judicial line,” “new value,” “receivable,” “security agreement,” “security interest,” “statutory lien,” and “transfer.” In addition, the assignee of any general assignment for the bene…