In an assignment for the benefit of creditors there is a fiduciary duty to work in the best interests of the

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In an assignment for the benefit of creditors, the assignee (the party taking over the assets) has a fiduciary duty to work in the best interests of the creditor(s) to whom the debtor owes money. This process is designed to ensure that creditors receive as much payment as possible from the debtor's available assets.

In an Assignment for the Benefit of Creditors There Is