By Andrew De Camara, Senior Managing Director, Sherwood Partners Inc.
An assignment for the benefit of the creditors (ABC) has become an increasingly well-known insolvency process. While an ABC may have certain advantages for a particular company over other insolvency alternatives (e.g., a bankruptcy filing, foreclosure), the facts of each situation should...
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Andrew De Camara is a senior managing director of Sherwood Partners Inc. and is based in the firm’s Los Angeles office. He joined Sherwood in 2001 and has successfully restructured companies through out-of-court restructurings and Chapter 11 reorganizations. De Camara has served as a receiver in both state and federal courts and has helped maximize the value of assets through assignments for the benefit of creditors (ABCs) under various state laws.