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Force 10 Partners

An advisory firm specializing in corporate restructuring, challenged businesses, litigation, and other special situations.

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Expertise

Assignment for the Benefit of Creditors

When we serve as the Assignee in an Assignments for the Benefit of Creditors (ABCs), Force 10 takes on the problems and risks for an insolvent business. We sell the assets and wind down the company’s affairs, protecting creditors’ interests while keeping them informed.

ABCs are based on state law, not the federal bankruptcy code, and vary by state. Where laws favor out-of-court dissolutions, an ABC with a fiduciary as the assignee, works well for closely-held entities with secured or unsecured debt. The process resembles a Chapter 7 bankruptcy without court oversight.

Force 10

In this role, we…

Subject all buyers put forth by insolvent companies to an overbid process, to ensure the best outcome for creditors.

Manage dealings with various state and local taxing authorities, and the IRS, as well as vendors with claims.

Liquidate and distribute net proceeds to maximize recovery for creditors.

Act as an objective fiduciary throughout what is often a contentious process.

What sets us apart

Ready to act

Having pioneered solutions in so many novel situations, we can take control quickly, with little ramp-up time needed.

Integrity

We insist on integrity. Our like-minded team’s sense of professional ownership carries through in each engagement, motivating us to do the right thing, and do it well.

Buyers are welcome

To secure the best result, we tap into our vast network of potential asset buyers, working our relationships and market insights.

Assignment for the Benefit of Creditors

Industries

A proven ability to identify productive solutions in challenging situations and offer value-creating strategic advice to firms across a wide range of industries.

Consumer » Financial Services » Healthcare » Real Estate » Technology » Other Industries »
Force 10

Engagements

Force 10 Engagement

PME Funds: Confirmation of Chapter 11 Plan of Reorganization

Force 10's involvement resulted in higher return to creditors/investors than fund sponsor status quo who was accused of ponzi-like behavior.

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Bruxie

Bruxie: Assignment For the Benefit Of Creditors

Took assignment and sold the assets of this high-concept Southern California based restaurant chain in a manner in which the buyer was able to immediately restart operations. Settled litigation claims with secured creditor and others.

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Force 10 Engagement

Grimalda: Real Estate Receivership

Served as Receiver of Bankruptcy Debtor affiliate.

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Force 10 is helping us navigate complex fund waterfalls and settle legacy litigation. We are very pleased with their support and guidance.
Manager
Rothenberg Ventures

Let’s discuss your situation

Contact us for an objective, candid assessment of your situation and a conversation about how our expertise and track record of success could address your needs.

Contact Us

Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
contact@force10partners.com
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