ABCs – Alternative to Bankruptcy & Receivership
09.11.24
ABCs can be Prudent Alternative to Bankruptcy & Receivership An Assignment for the Benefit of Creditors (ABC) can be the most prudent fiduciary action by a distressed company’s board of directors. The benefits of ABCs compared to Ch. 7 & 11 bankruptcies, receiverships, and other out-of-court restructuring methods include: Speed: Out-of-court ABCs can be completed […]