Creating Uniform Assignment for Benefit of Creditors Act

Summary

The bill adds a new Uniform Assignment for Benefit of Creditors Act to West Virginia law. It sets out how a debtor can transfer all of their assets to an assignee who will manage and distribute them to creditors. The goal is to provide a clear, consistent process for creditors to recover what they are owed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share