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Practice Areas
  • Andrea Dobin
  • Sari B. Placona
  • Joshua H. Raymond
  • Shoshana Schiff
  • Anthony Sodono, III
  • Joseph R. Zapata, Jr.

State Court Insolvency, an Alternative to Bankruptcy

Overview

An Assignment for the Benefit of Creditors (commonly referred to as an “ABC”) is a state court insolvency proceeding similar to a federal court bankruptcy proceeding.  The firm’s attorneys have extensive experience and are well versed in ABCs.  We have represented Assignees for the Benefit of Creditors in scores of cases and have successfully recovered  on hundreds of preferential and fraudulent conveyance claims.  The firm also has experience in serving as counsel to assignors in ABCs.

Who We Serve

  • Assignees
  • Assignors

Contact Us
For more information about our State Court/Insolvency services, please contact Anthony Sodono, III, Chair, Bankruptcy & Restructuring Group, at asodono@msbnj.com or 973-721-5038.

News

06.13.22

Represented by Sari Placona and Anthony Sodono, US Bankruptcy Court Confirms Our Client's Chapter 11 Plan

On June 5, 2022, the United States Bankruptcy Court, District of New Jersey entered an Order confirming the chapter 11 Plan of Hajjar Business Holdings, LLC, et al. (collectively, the “Debtors”).  

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01.03.22

MS&B Names New Partners

MS&B is pleased to announce new partners.

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