Flagship Guide
California distressed-company decision guide
ABC vs. Chapter 7 vs. Chapter 11
When it fits, an ABC is generally faster, less expensive, more private, and more in your control than bankruptcy.
A practical comparison of assignments for the benefit of creditors, Chapter 7 liquidation, and Chapter 11 reorganization for founders, boards, lenders, investors, and counsel evaluating a distressed company with a California nexus.
Built For
Founders, boards, lenders, investors, and counsel deciding between an ABC, Chapter 7, and Chapter 11
Related Service
Assignments for Benefit of CreditorsCaliforniaABCChapter 7Chapter 11BankruptcyLiquidationWind-Down