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Debt Resolution (ABCs)
Rock Creek specializes in advising and operating companies through state regulated Assignment for the Benefit of Creditors (ABCs).
ABCs are a faster, cheaper, and less publicized insolvency proceeding.
ABCs allows a company to shed its liabilities in a cost-effective manner, sell its assets and wind-down the company.
Rock Creek Advisors specializes in advising and operating companies through state-regulated Assignment for the Benefit of Creditors (ABCs). This insolvency proceeding offers a faster, more cost-effective, and discreet way for companies to shed liabilities, sell assets, and efficiently wind down operations, all under the expertise of Rock Creek professionals.
Our process involves assigning company assets to a dedicated Rock Creek Special Purpose Entity (SPE) to maximize asset value for creditors. We assume all fiduciary responsibilities, relieving your company of creditor contact and communication. Additionally, we orchestrate a time-sensitive asset sale process in collaboration with secured lenders, ensuring maximum returns.