US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Arizona Revised Statutes » Title 44 - Trade and Commerce » Article 3 - Assignments for the Benefit of Creditors » § 44-1045 – Distribution to creditors; compensation and expenses allowed assignee

44-1045. Distribution to creditors; compensation and expenses allowed assignee

A. When an assignee has in his possession funds of the estate of the assignor in an amount sufficient to pay ten per cent of the indebtedness of the assignor, he shall make a pro rata distribution of the funds among the creditors.

B. The assignee shall receive reasonable compensation for his services and the necessary costs and expenses, including attorney’s fees, of administering the assigned estate, to be allowed by the superior court.