Feeling Distressed? Check Out These Non-Bankruptcy Alternatives

You represent several troubled companies and need to explore whether a non-bankruptcy alternative is viable for your clients. Practical Guidance allows you to compare assignments for the benefit of creditors, receiverships, and Article 9 statutes in several states with the State Law Comparison Tool. Check out this resource kit, which assembles all these options for top jurisdictions.

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Related Content

• Assignments for the Benefit of Creditors
  Read this practice note to understand assignments for the benefit of creditors (ABCs).

• Receiverships
  Review this practice note for a discussion of the various aspects of the law of receiverships.

• Article 9 Sales
  See this discussion of sales conducted under Article 9 of the Uniform Commercial Code.

• Receiverships and Bankruptcy
  Read this examination of the intersection between receiverships and bankruptcy proceedings.

• Assignments for the Benefit of Creditors Checklist
  Use this checklist when representing assignors and assignees in determining the necessary actions prior to an ABC, drafting the ABC agreement, and navigating an ABC proceeding.

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