California Assignment for Benefit of Creditors System

Bankruptcy Has a Cheaper, Faster Alternative. Most Business Owners Never Hear About It.

16 Sections | 12 Claude AI Prompts | 15+ Document Templates | California ABC 2025

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An ABC winds down a California business faster and cheaper than Chapter 7. Most attorneys never mention it.

No court filing fees. No trustee approval. No 341 meeting. An Assignment for Benefit of Creditors puts the business owner — not a federal bankruptcy trustee — in control of the wind-down.

16 Sections · 12 AI Prompts · Creditor Claim Templates · Priority Waterfall · Assignment Agreement · $47 One-Time · 30-Day Guarantee

Why an ABC Beats Chapter 7 for Most Closing Businesses

Speed
An ABC completes in 3–6 months. Chapter 7 averages 12–18 months. Every extra month costs the estate money in administrative fees.
Cost
No court filing fees. No U.S. Trustee quarterly fees. Assignee fees come from the estate — not the owner’s pocket.
Control
The business owner selects the assignee. In Chapter 7, the trustee is randomly assigned. Your choice matters enormously.
Privacy
No federal court docket. No public PACER filing. Creditor communications stay private.

12 Claude AI Prompts — In-Depth Educational Analysis for $47

Each section includes a pre-written Claude AI prompt. Fill in your business facts, paste into claude.ai (free), and get personalized educational analysis — which creditors have priority, how to calculate the distribution waterfall, what the assignee selection criteria should be for your situation.

What a business dissolution attorney costs: $300–$500/hour. What this educational kit costs: $47.

On a $500,000 liability wind-down, choosing ABC over Chapter 7 can save $30,000–$80,000 in administrative costs. The kit costs $47 — with a 30-day money-back guarantee.

Get Instant Access — $47 — 30-Day Guarantee

PDF + editable Word document. Works on all devices. No subscription. Yours to keep.

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Educational use only. Not legal advice. Justice Foundation.