Resolution in the News
The panel will discuss an Assignment for the Benefit of Creditors (ABC) as an out-of-court restructuring alternative available to financially distressed middle market businesses as well as private equity and venture capital backed portfolio companies. We will address the process, advantages over bankruptcy, limitations, case studies, as applicable, as well as The Uniform Assignment for Benefit of Creditors Act (UABCA).
Financial distress tends to slink in under the guise of plausible explanations. How many times have you heard someone saying something like “It’s just seasonality,” “We’re investing for growth,” “The market is soft,” or “Customers are paying slower everywhere”? Those statements can all be true and still mask the fact that a business is starting to lose financial control. The warning signs of financial distress are easy to rationalize away, especially when the enterprise has a strong brand and a proud history.
“Bankruptcy can look like the path of least resistance, but it comes with consequences that boards should seek to avoid,” says Johnson. “Once boards start to explore other options, they often find there are other ways to navigate the financial turbulence they’re experiencing.”
David Johnson & Resolution team featured in the Valiant CEO magazine. Discover how transparency, specialization, and disciplined execution can make a difference when navigating complex financial situations.
Dragonfly Energy Announces Strategic Acquisition of Dakota Lithium Assets, Expanding Into New Markets Brands run out of cash before they run out of customers; that’s a liquidity problem, not a market one. But what is a board to do? How can it honor its duty to creditors, employees and shareholders?
Learn how startups wind down through asset sales, fire-sale exits, and ABCs. David Johnson joins Joe Weisenthal on Bloomberg's Odd Lots to share liquidation strategies and insider stories on what happens when companies die
David Johnson of Resolution Financial Advisors moderates a Beryl Elites panel on startup failure, board fiduciary duties, and alternatives to bankruptcy, sharing practical strategies to preserve value when venture-backed companies face distress.
AIRA Journal prints David Johnson’s in-depth examination of ABCs as a flexible, value-maximizing alternative to traditional bankruptcy—written for boards, lenders, and investors navigating distressed situations.
This article follows David Johnson's career path, from his beginnings at Alvarez & Marsal to co-founding Resolution Financial Advisors, a leading financial advisory firm specializing in insolvency services. Johnson and his trusted colleagues established Resolution to provide expert guidance in the field.