Distressed Business' Alternatives To Bankruptcy

Gary Segal, Deborah Williamson, and Paulina Garga-Chmiel authored the article, "Distressed Business' Alternatives To Bankruptcy," which was published in The Review of Banking & Financial Services. In the article, the authors give an overview of various non-bankruptcy alternatives for distressed companies, covering the pros and cons of each strategy. These strategies include:

• assignments for the benefit of creditors,
• UCC Article 9 Sales
• receiverships, and 
• other out-of-court workout options.