Fla. Stat. § 727.101: intent of the general assignments chapter (Fla. Stat. § 727.101 (2026))
An assignment for the benefit of creditors is a state-law liquidation, run by an assignee under state court supervision, not a bankruptcy case.
Dated 17 Oct 2026Source checked 17 Oct 2026Basis: primary text
In the source's own words
“The intent of this chapter is to provide a uniform procedure for the administration and orderly liquidation of insolvent estates, and to ensure full reporting to creditors and equal distribution of assets according to priorities as established under this chapter.”
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