Subject collection 4 articles
Alternatives to bankruptcy
Explore the ways a business can negotiate, transfer assets, or wind down outside bankruptcy. Each article explains a different approach and the questions that shape its use.
- Negotiated agreements
- Asset administration
- Business closure
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4 articles · Choose a question to exploreArticles in this subject.
Reference articleIllustrated guide
Assignment for the Benefit of Creditors (ABC)
A technical guide to state-law business liquidation: asset transfers, assignee duties, creditor claims, sales, and the limits of an ABC.
Inside this article
Read article - What an assignment actually does
- State law changes the process
Reference articleIllustrated guide
Business dissolution & orderly wind-down
Closing an entity while accounting for assets, creditor claims, taxes, employees, records, and owner exposure.
Inside this article
Read article - Distinguish closure, winding up, and dissolution
- When a consensual wind-down can work
Reference articleIllustrated guide
Out-of-court business workouts
Forbearance, amendments, settlements, and operating changes that address distress through creditor agreement.
Inside this article
Read article - Define the problem before choosing a document
- Forbearance, amendment, waiver, and settlement
Reference articleIllustrated guide
Receivership
Court-appointed control of property or a business: appointment, operating authority, asset sales, claims, and comparison with bankruptcy.
Inside this article
Read article - The role of the receiver
- Grounds, appointment, and objections
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