Finding the Right Attorney to Guide Your ABC Process

While an ABC can be initiated without an attorney, most business owners benefit from legal guidance — particularly on the decision between ABC and bankruptcy, the selection of an assignee, and the structure of the Assignment Deed.

What an ABC Attorney Does

An ABC attorney advises on: whether the ABC is appropriate given the business’s specific liability profile, which assignee candidates are experienced and reputable, how to structure the assignment to minimize preference and fraudulent transfer exposure, what personal liability issues exist, and what tax consequences to expect.

The California ABC System is designed to work alongside — not replace — professional guidance. It gives business owners the baseline knowledge to have productive conversations with attorneys and assignees, to evaluate their options intelligently, and to understand what is happening at each stage of the process.

The California ABC System gives business owners and creditors the exact tools, templates, and step-by-step guidance to navigate an Assignment for Benefit of Creditors — faster and cheaper than bankruptcy. Request your free evaluation here.