ABFJ Podcast 17: The ABCs of Assignments for the Benefit of Creditors

In the 17th episode of the ABF Journal podcast, Sandor Jacobson, a principal at Plante Moran, explained why an assignment for the benefit of creditors, or an ABC, is an important and attractive tool for distressed middle market companies due to its efficiency and low cost. He also outlined the most important steps in an ABC and discussed how this path differs and is potentially more favorable than a bankruptcy proceeding. https://www.abfjournal.com/articles/an-alternative-to-bankruptcy-when-winding-down-a-distressed-company/