Signing the Assignment Deed is irrevocable. These 10 steps ensure you’re fully prepared before you cross that threshold.
The Pre-Assignment Checklist
1. Complete lien search. 2. Compile full creditor list. 3. Select and vet your assignee. 4. Identify all personal guarantees. 5. Review the 90-day preference window. 6. Gather and organize all business records. 7. Notify key employees (coordinate with assignee on timing). 8. Understand your tax consequences. 9. Secure all digital assets and passwords. 10. Get legal counsel to review the Assignment Deed.
None of these steps can be undone after signing. The Assignment Deed transfers control. Every decision made before signing is yours; every decision after belongs to the assignee. Preparation is the only leverage you have over how the process unfolds.
The California ABC System gives business owners and creditors the exact tools, templates, and step-by-step guidance to navigate an Assignment for Benefit of Creditors — faster and cheaper than bankruptcy. Request your free evaluation here.
California ABC System — Assignment for Benefit of Creditors 
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