Doing it Right Takes More than Just Signing a Contract with the Assignee…It Takes a Strategic Plan!
Since 1999, Sherwood Partners, LLC has been the Assignee to over 350 Assignments for the Benefit of Creditors (ABCs). Some Assignees try to walk the walk, but what they really do is collect boxes of data and try to make the claim that they have successfully monetized the assets of the company. Sherwood is known and considered the premier Assignee in the United States.
In today's complex world the "Operating Assignment for the Benefit of Creditors" is a very useful method to work towards a graceful exit or purchase of assets. If Intellectual property (IP) is involved, it is almost impossible to just collect boxes and wait for the call to properly monetize these assets. Historically, Sherwood has monetized IP higher than any assignee. It is because of how we do an Assignment for the Benefit of Creditors (ABCs) and our relationships. Investors, financial institutions and law firms call upon Sherwood as the Assignee to better monetize certain assets and collect the receivables through the "Operating ABC".
Sherwood also works with management and the investors to avoid an Assignment for the Benefit of Creditors process and implement a corporate restructuring for a situation that the management team or investors felt was hopeless. We have excellent relationships with most of the financial and legal institutions throughout the United States.
Contact Sherwood Partners to discuss how we can help.
Solutions | Results | Success | Since 1992