Assignments for the Benefit of the Creditor (ABCs)

ABCs can be an attractive means to facilitate the liquidation of a debtor’s position in encumbered real estate assets as a step just shy of bankruptcy.

The ABC is an insolvency proceeding governed by state law rather than federal bankruptcy law, and might be the best course of action for the creditors and the liquidating stakeholders, depending on a variety of often complicated factors.

Commenda’s experienced professionals can assist in the exploration of utilizing an ABC strategy, the design and development and execution of that strategy, and the satisfaction of related creditors.