The NFL Drops an Imperfect Spiral
How Resolute Managed the Fumble Recovery of an Attempt to Purchase the Minnesota Vikings
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What Happens When a Business is in Distress?
What happens when a company faces financial distress? The options can be complex!
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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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