Business owners contemplating an ABC can use technology to prepare more efficiently — reducing the cost and time required to get organized before the assignment is made.
How Technology Helps
Accounting software exports: most accounting platforms can produce complete accounts receivable aging reports, vendor payable lists, and general ledger summaries with a few clicks. Document management: scanning and organizing key documents into a shared folder before the assignment gives the assignee immediate access. Creditor list preparation: a spreadsheet with names, addresses, claim amounts, and contact information is more useful than a pile of invoices.
Preparation time is investment in recovery. A business owner who spends two days organizing records gives the assignee a head start worth weeks of administration time. That time saving translates directly into lower administration costs and higher distributions to creditors.
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.
California ABC System — Assignment for Benefit of Creditors 
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