September 22, 2022 12:00pm – 1:00pm Map & Directions 602-252-4144

Webinar: Assignment for the Benefit of Creditors: The Bankruptcy Alternative You’ve Likely Never Heard Of


Do you know your ABC’s? An assignment for the benefit of creditors (ABC) is a faster, more flexible and less expensive alternative to bankruptcy. 

Join us for expert insights from the attorney who guided the now infamous Theranos company through its ABC, and who will provide an in-depth look at the benefits of ABCs and how they are executed. 

Learn to diagnose when a business needs to wind-down, the difference between an ABC and a bankruptcy case, when to choose an ABC and the fundamentals of how an ABC works. You will leave with insights into topics such as: securing board and shareholder approval, identifying state laws governing ABCs and navigating the sale of assets, claims process and distributions required in an ABC.  

Sponsored by Resolute


ASCPA Live Online Webinar
Phoenix, AZ 85034-6403

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This webinar is complimentary for ASCPA members. Login instructions will be sent 24 hours prior to the event.

Event Leaders

O'Neill, Steve

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Steve O'Neill specializes in assisting financially distressed companies in monetizing assets and representing entities purchasing assets from financially distressed enterprises. He has been one of the leading national experts on assignment for the benefit of creditors (ABCs) for the last 20 years, representing assignors, assignees and buyers of assets. His most recent ABCs include the infamous Theranos, Imax, Allume, Hired, Gigster, Common Networks, Teradact and Sutter Gold Mining.

In addition to his expertise with ABCs, O'Niell has more than 35 years of legal experience in the areas of bankruptcy, business reorganizations, out-of-court workouts and distressed mergers and acquisitions.

Previously, O'Niell was a partner at Dorsey & Whitney LLP, recognized as the Business Reorganization Law Firm of the Year in California in 2016. He was also distinguished as a Northern California Super Lawyer and Rated AV® by Martindale-Hubbell®. Steve is a graduate of University of California, Hastings College of the Law and UCLA.

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Foster, Jeremiah

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As president of Resolute, Jeremiah (Jerry) Foster leads the firm’s team of industry experts in advising creditors, equity holders and enterprises as they navigate the many phases of a turnaround, restructure or crisis management plan. Now in its 13th consecutive year of continuing growth, Foster founded Resolute in 2008 when he witnessed early evidence of a down market – which ultimately was realized as the Great Recession.

To date, Foster has been appointed as a Chief Revenue Officer, Interim Chief Executive Officer, Trustee, Receiver, Special Master, or Liquidating Trustee for more than 100 ventures and has personally been involved in the sale of more than $600MM of going concern and real estate transactions.

Foster has a history of creating success by providing vision and leadership to voids he sees in the market. Driven by the thrill of creating successful ventures, he was a major contributor to growing a startup company with a single digit number of employees and propelled it to a $100MM NASDAQ IPO (IGOI) – while creating his own technology company along the way that he eventually sold.

He is dedicated to community service as a current Board Member for Special Olympics of Arizona and Emeritus Board Member of Junior Achievement of Arizona.

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