Monthly Archives: December 2014

FAQs of ABC vs. Bankruptcy

FAQs of ABC vs. Bankruptcy

The difference between Bankruptcy and Assignment for the Benefit of Creditors can be confusing and raise questions.  Here are the most common areas of confusion: 1. What are the advantages of the ABC (assignment for benefit of creditors) over a simple bankruptcy? The General ABC is faster and less expensive. ABCs can generate greater asset values and subsequent recoveries for creditors Business…
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