The document discusses different options available to distressed debtors including bankruptcies, out-of-court workouts and liquidations, and assignments for the benefit of creditors. It provides details on the advantages and disadvantages of each option from the perspectives of both debtors and creditors. Key factors in determining the best option include the debtor's situation, ability to repay debts, and maintaining business relationships.

1. Workouts & Liquidations How They Differ From Bankruptcies Brenda Terreault NACM Oregon September 17, 2009

8. Bankruptcy Chapter 7 Liquidation With or Without Assets

16. Out-of-Court Liquidation Primarily Assignments for the Benefit of Creditors

26. Bankruptcy Chapter 11 or 13 Reorganization Chapter 11 for businesses Chapter 13 for wage earners with regular income

35. Out-of-Court Work-out Reorganization, Adjustments, Extension Agreements, Compromises, Compromised Settlements, Negotiated Agreement, Negotiated Settlement, etc.

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