An Assignment for the Benefit of Creditors (ABC) is a cost-effective and timely alternative to bankruptcy and state court receiverships, among others: a debtor-initiated, voluntary transfer of assets to an assignee serving as a fiduciary to help maximize value and achieve the best possible recovery for creditors and shareholders. Despite...
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Assignee in an Assignment for Benefit of Creditors (ABC) MCA Financial served as the Assignee in an Assignment for Benefit of Creditors (ABC) to a national company headquartered in California and generating annual revenue in excess of $80MM. The ABC was initiated by the insolvent company, which sought a faster,...
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