The company you built (or inherited or bought) is in trouble. It looks like it may be insolvent. Or, maybe, it is a company you run that you do not own or a company you advise. Just like Eric Clapton and Cream in the late 1960s, the company is at a crossroads. What should it do? You should educate yourself about all the options and the best way to do that is to read Dealing with Corporate Distress 07: Chapter 11 is Not Always the Answer: Strategic Alternatives For and Against Distressed Businesses.
If you are considering an assignment for the benefit of creditors (and continuing with another Classic Rock reference), it will be helpful to read a case study about one. Lucky for you, we’ve got your back: Read The Road to an Assignment for the Benefit of Creditors (ABC): A Case Study.
This proverb is attributed, at least by some, to Rear Admiral Grace Hopper of the U.S. Navy. The question is one that attorneys sometimes ask themselves when considering whether to seek permission from a court when it is less than 100% clear that the court’s permission is actually required. It's against this backdrop that you may want to read Determining Whether or Not to Seek Court Approval of a Sale in a Delaware Assignment for the Benefit of Creditors Case.
Interested in corporate restructuring and insolvency? Like to read Agatha Christie or Mickey Spillane? Enjoy both at the same time and read Assignee Unknown: The Curious Cases of SmartLabs, Shine Bathroom Technologies, Liftopia, GlassPoint, SolarReserve, Maker Media, & Toymail, in which the nature and function of assignments for the benefit of creditors are examined and which argues that by its very nature, it is imperative that the identity and contact information of an assignee be readily disclosed.
Remember, as Samantha Baker says, books can be fun! To learn more and to review the single most comprehensive resource about assignments for the benefit of creditors, read Strategic Alternatives For And Against Distressed Businesses, 2022 ed. The only guide that compares ABCs across states.
DailyDAC offers a variety of free and paid tools for bankruptcy professionals.
Free email notifications of recent chapter 11 filings from across the U.S.
High quality educational webinars provided by Financial Poise Webinars.
A comprehensive directory of experienced assignees who have served as an ABC.
A list of auctioneers in the "distressed and surplus" asset space.
Weekly newsletter and online database of opportunistic investment opportunities.
Publicize your auction or other urgent sale to a large, self-selected segment of qualified bidders and their advisors.
Advertise with DailyDAC
Newsletter ads and webinar sponsorships available.Check out Media Kit for more information.
1954 First St, Suite 178Highland Park, IL 60035
You received this email because you signed up on our website or made a purchase from us.