At Equitable Transitions, Inc., we guide you through a suite of bankruptcy alternatives that can resolve your burdensome situation — while enabling you to succeed anew.
In order to determine which alternative to bankruptcy is best for you, we analyze the issues confronting your business, and design specific solutions that help you transition out of crisis. In most cases, we recommend an Assignment for the Benefit of Creditors — a solution that can be faster, less expensive, and far less stressful than routine bankruptcy.
While Assignments for the Benefit of Creditors function similarly to a Chapter 7 Bankruptcy, they have numerous advantages:
- Speed. In many cases, an Assignment can be made in one day, quickly relieving business owners of much of their stress and worry.
- Cost. Generally, overall costs are far less.
- Privacy. It’s now the Assignee who handles communications and debt payments, while the business owner exits quietly.
- Better net results. Because the process is faster and simpler, creditors receive payments more quickly, and business owners are relieved of the strain of meeting impossible obligations while getting personally ensnared in frustrating legalistic proceedings.
Assignments for the Benefit of Creditors are just one aspect of our work. Equitable Transitions, Inc. brings decades of success and vast experience to all aspects of business bankruptcy alternatives, including: