An alternative to a bankruptcy is a(n) __________ which is a form of a liquidation.

Name: An alternative to a bankruptcy is a(n) __________ which is a form of a liquidation.
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An Assignment for the Benefit of Creditors (ABC) is an alternative to bankruptcy, where a business assigns its assets to a trustee who then liquidates these assets to pay off creditors. This process is a form of liquidation outside of the bankruptcy court system.

An Alternative to a Bankruptcy Is A(n) __________ Which Is