The ABC Advantage: Discover a More Efficient, Cost-Effective Route in Our Whitepaper
Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.
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What is Assignment for the Benefit of Creditors?
company. The ABC provides for the appointment of an independent fiduciary representative – known as an assignee. The assignee manages the orderly wind down of the business and monetizes the company’s assets for the benefit of the company’s creditors. The assignee will then distribute the proceeds generated from the sale of the company’s assets to the company’s creditors according to state law.
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