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

Arizona Statutes

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

Arizona·Title 44 Arizona Revised Statutes·Ch. 8 TRANSACTIONS AND TRANSFERS AFFECTING THE INTEREST OF CREDITORS·Art. 3 Assignments for the Benefit of Creditors

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.

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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.

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