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Tag: Assignment for the Benefit of Creditors

The Robots That Saved Lives and Needed Saving Themselves: The Story of Ecorobotics

No Pressure Too High. No Problem Too Hard. In a world where technology meets industrial grit, Ecorobotics set out to revolutionize one of the dirtiest and deadliest jobs on earth: cleaning massive fuel tanks. Their...

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How a National Pet Products Distributor Landed on All Fours with a TSA and ABC – The Case of Animal Supply Company (ASC)

In 2024, Animal Supply Company, a national distributor of refrigerated pet products, faced the kind of collapse that sends ripples through every link of the supply chain. Within months, sales had dropped by half. Distribution...

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Navigating Financial Distress: Should You Opt for an ABC or Bankruptcy?

For professionals dealing with distressed companies—whether as attorneys advising clients, investors seeking to preserve value, or venture debt professionals assessing risk—deciding between an Assignment for the Benefit of Creditors (ABC) or bankruptcy...

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The ABC Advantage: Discover a More Efficient, Cost-Effective Route in Our Whitepaper

In the wake of economic fluctuations and potential market downturns, businesses across the United States, especially in sectors like technology and healthcare, are seeking more efficient methods to manage financial distress. The...

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What is Assignment for the Benefit of Creditors?

Explaining an emerging alternative to bankruptcy to resolve distress What is an ABC?

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