The ABCs of assignments for the benefit of creditors
Think twice before declaring bankruptcy — you have other options. In the latest episode of the ABF Journal Podcast, Sandor Jacobson explains what an assignment for the benefits of creditors is and why it’s an important tool for distressed middle-market companies.
Sandor Jacobson, a principal in our Chicago restructuring and transformation team, recently took part in the ABF Journal Podcast. There, he breaks down what an assignment for the benefit of creditor is and why it’s an important and attractive tool for distressed middle-market companies. He also outlines the most important steps in an ABC and discusses how this path differs and is potentially more favorable than a bankruptcy proceeding.
