Hajar Jouglaf
August 11, 2020 | Law.com
The ABCs of Assignments for the Benefit of Creditors (ABCs)General assignments for the benefit of creditors (ABCs) have been and continue to be a popular business liquidation device for the orderly wind down of corporations, limited liability companies, and even nonprofit corporations and general partnerships. Just as in bankruptcy, an ABC can also be used to facilitate a going-concern sale of the debtor's assets to a third-party.
By Mark S. Melickian and Hajar Jouglaf
11 minute read
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