Chapter 11 Financing, Financing Plans of Reorganization and ABC’s

Sometimes things beyond your control require a company to seek protection from the courts. Your planning doesn’t start or stop there. Your planning should have started long before you filed for Chapter 11. With the expense of bankruptcy proceedings today, an assignment for the benefit of creditors (“ABC’s”) has been the action of choice for most owners seeking to salvage their companies. Proper planning and execution is paramount to succeeding in these deep waters today.