Two Valuations for Assignments for the Benefit of Creditors

Applied Business Strategy has recently completed two more valuation projects for bonding purposes in connection with General Assignments for the Benefit of Creditors (“ABCs”) that have been filed in the Court of Chancery of the State of Delaware. The companies consisted of an early-stage research and development company in the biotechnology sector and a company specializing in transfusable blood services. ABS determined the value of various assets, including accounts receivable, deposits, prepaid expenses, supplies inventory, and fixed assets for these ABCs.