The ABC’s reputation among business professionals is built on real outcomes — cases where an orderly wind-down produced meaningful creditor recoveries and allowed business owners to move on.
What Good Outcomes Look Like
A successful ABC: pays priority wage claims in full, pays secured creditors their collateral value, produces a meaningful distribution to unsecured creditors, closes within 12-18 months, and allows the business owner to move on without lingering liability for the business entity’s debts.
Success is defined relative to the alternatives. An ABC that distributes 15 cents on the dollar to unsecured creditors is a success if the chaotic alternative would have distributed nothing. Creditors who participate in ABCs routinely prefer them to the federal alternative — which is why the tool endures after 150 years of California commercial history.
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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