DWC - Assignment for the Benefit of Creditors (ABC)

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dealing with insolvent operating companies & other complex assets through alternatives to bankruptcy Assignment for the Benefit Of Creditors (ABCs)
douglaswilson.com

ABCs, through DWC’s role as the fiduciary Assignee, allows troubled companies to liquidate and be sold as a going concern, avoiding the expense and uncertainty of bankruptcy.

IDENTIFY OWNERSHIP TRANSITION PROCESS

DISCUSSION AND AGREEMENT CONDUCT ASSIGNMENT FOR BENEFIT OF CREDITORS

CLAIM REVIEW AND DISTRIBUTION OF ASSETS

As an alternative to bankruptcy, DWC acts as an Assignee for the Benefit of Creditors (ABC) in complex asset disposition. As an Assignee, DWC facilitates the preservation of operational value and ensures creditor interests are protected through the maximization of value. The ABC process is often much more efficient and less costly than other options such as bankruptcy or bulk sales.

DWC works to facilitate a rapid and efficient process to maximize liquidation value. Utilizing our extensive fiduciary and financial experience, we validate market values and ensure creditor interests are protected while enterprises are transitioned to new ownership.

DWC helps debtors and creditors of an operating business design an appropriate asset sale remedy to maximize value by preserving the business enterprise.

DWC validates the sale purchase price and confirms that other essential terms are fair and reasonable.

DWC facilitates transition of possession, sale closing and collection of purchase funds for the benefit of the creditors and other stakeholders.

DWC assures the sale process is at arm’s length and at fair market value.

Douglas Wilson Companies engages a four phase approach to successfully resolve the ABC process of going concern businesses subject to distress.

The ABC process is often much more efficient and less costly than other options such as bankruptcy or bulk sales. DWC’s expertise as a fiduciary, in all kinds of industries, allows for an immediate business solution that other remedies cannot provide.

Douglas Wilson Companies provides all stakeholders with a maximum return due to its rapid and efficient approach to provide business and other solutions.

Having been appointed in well over 1,200 fiduciary assignments, DWC has a robust track record of appropriately liquidating assets, maximizing values and thus recoveries for creditors.

PHASE I

IDENTIFY OPTIONS AND APPROPRIATE RESOLUTION

PHASE II DISCUSSION AND AGREEMENT ON FAIR TRANSACTION

Work with stakeholders to identify options and select appropriate resolution process.

DWC, as a proposed Assignee, reviews assets and potential disposition options with the stakeholders and their professionals. DWC helps present the best options to maximize values and provide the greatest return to creditors.

Facilitate discussion and agreement on appropriate terms, validate fair market values, and ensure transaction is fair and at arm’s length.

DWC uses its expertise and experience to negotiate appropriate terms and validates the transaction to confirm that creditors are receiving best possible outcome, given facts at issue.

THE NET RESULT

DWC helps both creditors and debtors maximize options to improve values and ultimately returns to both debtors and creditors.

THE NET RESULT

DWC obtains best terms and validates values being paid.

PHASE III

CONDUCT ASSIGNMENT FOR BENEFIT OF CREDITORS

PHASE IV CLAIM REVIEW AND DISTRIBUTION OF ASSETS

DWC conducts assignment and facilitates transfer of possession of subject assets or going concern.

DWC ensures assets, particularly going concern assets, are transitioned from the former owner seller to the buyer.

DWC confirms purchase funds are paid and title is transferred to new ownership.

DWC confirms that the assets sold and purchase funds are accounted for and reported to the relevant parties.

DWC notifies all creditors and interested parties to file claims; evaluates claims, then makes distributions.

After DWC facilitates liquidation of troubled assets and collects the purchased value, it seeks evidence substantiating claims made by creditors against the liquidation fund.

DWC validates claims and then distributes a pro rata recovery to all qualified and proven creditors

DWC facilitates an orderly transition thus enhancing value by best preserving the operating enterprise.

DWC maximizes value through preserving the going concern. DWC reviews and confirms the validity of claims so only valid creditors are paid and the recovery is maximized.

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To find out more visit douglaswilson.com or call (619) 641 -1141
THE NET RESULT THE NET RESULT
douglaswilson.com Corporate Headquarters San Diego Las Vegas 330 E Warm Springs Rd Unit B43 Las Vegas, NV 89119 Los Angeles / OC 19200 Von Karman Ave Suite 416 Irvine, CA 92612 Phoenix 502 S College Ave Suite 300 Tempe, AZ 85281 Dallas 4925 Greenville Ave Suite 1060 Dallas, TX 75206 San Francisco 50 California St Suite 1500 San Francisco, CA 94111 Washington D.C. 1200 G St NW Suite 800 Washington, DC 20005 Immediate And Efficient Action to Maximize Recoveries To Creditors Serving Clients Throughout North America 1620 Fifth Ave, Suite 400 San Diego, CA 92101 P : +(619) 641-1141 F : +(619) 641-1150

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