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Simple Name, Simple Solution: What is an ABC?
05/31/2022
Simple Name, Simple Solution: What is an ABC?
What happens after the dream fades away? Audiences devoured The Dropout, the Hulu streaming series about the rise and fall of the infamous health technology company Theranos. What happened after it all collapsed? In this case, like many other failed tech start-ups, the answer is liquidation via assignment for the benefit of creditors, or ABCs. We sit down to talk details with Steve O’Neill, who boasts 35 years of legal experience in resolving distressed financial situations, including Theranos. He explains what an ABC is, why it’s a good option for the tech community, and reasons this form of liquidation can be an ideal solution. You can learn more at
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