Hosted by the Legislation and Secured Credit Committees
As distressed companies and their stakeholders look for faster, lower-cost and more tailored solutions than a federal bankruptcy filing, state law and out-of-court restructuring tools are getting renewed attention — especially Assignments for the Benefit of Creditors (ABCs). This session will survey the “bankruptcy alternatives” toolkit (workouts, Article 9/foreclosure sales, receiverships, ABCs and hybrid strategies), then take a deeper dive into the Uniform Law Commission’s newly proposed/approved Uniform Assignment for the Benefit of Creditors Act (UABCA).