Front Page
Feb. 11, 2003
Exit Strategy Gets Right Back to Basics
By Toni Vranjes Bankruptcy attorneys are busy practicing their ABCs. An out-of-court process known as assignment for the benefit of creditors, or ABC, has gained popularity as an alternative to formal bankruptcy proceedings. The process has become increasingly attractive since the stock market began its nose dive in early 2000, according to insolvency lawyers.
An out-of-court process known as assignment for the benefit of creditors, or ABC, has gained popularity as an alternative to formal bankruptcy proceedings. The process has become increasingly attractive since the stock market began its nose dive in early 2000, according to insolvency lawyers.
The approach has enticed financially tro...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In