Clare York Group | ABCs – Assignment for Benefit of Creditors Transactions
Shared by Gregg Yorkison of Clare York Group. An Assignment for Benefit of Creditors (ABCs) transaction is an insolvency mechanism. It is often recommended for companies when a bankruptcy doesn’t make sense. Gregg Yorkison of Clare York Group Los Angeles walks us through how the process works. According to him, the company (called the assignor, […]
Clare York Group | Cryptocurrency, Blockchain, and Fintech – The Companies That Don’t Make It
Shared by Gregg Yorkison of Clare York Group. There are a lot of potential successes out there with cutting-edge technology and finance. Cryptocurrency, blockchain, and fintech companies all have the capability to create success stories and bring wealth to shareholders, investors, and creditors. However, Gregg Yorkison notes that, as with all fledgling and even some […]
Clare York Group | §363 Sales: Asset Sales in Bankruptcy
Shared by Gregg Yorkison of Clare York Group. Mergers and Acquisitions (M&A) are referred to as §363 sales in bankruptcy court. Here’s a rundown, provided by Gregg Yorkison of Clare York Group Los Angeles It shows what that actually means for a company’s assets going through the process. It can seem intimidating and unclear at […]
Clare York Group | The Distressed M&A Turnaround
Shared by Gregg Yorkison of Clare York Group. A distressed merger and acquisition (M&A) occurs when a company is in a financially difficult situation. While it may seem like a bad starting point, distressed M&As make up a large portion of M&As, and a turnaround is still possible with the correct handling and strategy. We […]
