When Bankruptcy Is Too Expensive

As the cost of bankruptcy rises, companies and creditors are increasingly turning to alternatives like assignments for the benefit of creditors (ABCs), Article 9 sales, out-of-court restructurings and distressed M&As. This panel explores the practical and legal implications of these approaches, including cost-saving benefits, risks, and key considerations when avoiding traditional bankruptcy. The panelists share their insights into how to preserve value and achieve resolution when formal reorganization is financially out of reach.