Assignment for the Benefit of Creditors
Category: On Demand
Member Price: $184
Non-Member Price: $230
Areas of Law: Bankruptcy, Business
Keynote
Moderator
- John M. August, Esq.
- Saiber LLC, Madison
Presenters
- Marc D. Miceli, Esq.
- S. Mitnick Law PC, Oldwick
- Sari B. Placona, Esq.
- McManimon, Scotland & Baumann, LLC, Roseland
In today’s unpredictable economic environment, financial distress remains a reality for many businesses. As more companies face liquidity challenges or unsustainable debt structures, attorneys are increasingly called upon to guide clients through reorganization or strategic exit options. The good news is there are options, and the most advantageous exit path may be an Assignment for the Benefit of Creditors (ABC). 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. It is better to act quickly and decisively than delay, and that’s where you come in.
Providing a general overview of both federal and state laws, our distinguished panel will help you take a deeper look at ABCs specifically, including the process, advantages, disadvantages, and best practices. Join us to learn how to navigate creditor-dictated wind-down terms and constrained financial maneuverability, how to help clients avoid reduced asset value, and how to handle various situations that typically arise with distressed businesses today.