4. Who is an eligible candidate to make an Assignment for the Benefit of Creditors?
With very limited, industry-specific, exceptions, almost any individual, corporation, limited liability company, association and partnership is eligible to make an Assignment for the Benefit of Its Creditors
However, the authorization to make an ABC can be limited by state law or the document controlling an entity's governance (such as corporate bylaws, a limited liability companies operating agreement, or a partnership agreement)
