{"id":5343,"date":"2015-07-14T11:41:01","date_gmt":"2015-07-14T15:41:01","guid":{"rendered":"https:\/\/www.duck9.com\/?p=5343"},"modified":"2015-07-15T16:20:21","modified_gmt":"2015-07-15T20:20:21","slug":"bk-also-known-as-abc","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/bk-also-known-as-abc\/","title":{"rendered":"Bk for startups, is also known as, “ABC”"},"content":{"rendered":"
\n
\n

By Larry Chiang<\/p>\n

Bankruptcy is also known as “Bk”
\nFor startups, the shutdown is not a normal asset liquidation with re-org. It is Assignment Benefit of Creditors. ABC. It is not to be confused with ABCD…<\/p>\n<\/div>\n

\"image1.JPG\"<\/div>\n
…ABCD is “American Born Chinese Dog” = Shih Tzu.<\/div>\n
\n\n\n\n\n
\"\"<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
\n
6\/1\/15, 1:03 PM<\/a><\/div>\n
“VCs had left it for dead and the BK lawyers had a pre-pack ABC cued. An ABC is ‘assignment benefit of creditors'” quora.com\/For-a-young-st\u2026<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Bk\/ABC<\/div>\n
<\/div>\n
Industry lingo for Bankruptcy via Assignment Benefit of Creditors. See chris @a16z’s “ABC” tweets by “summize searching in $twttr<\/div>\n<\/div>\n
<\/div>\n
\"image2.JPG\"<\/div>\n
American Born Chinese<\/div>\n
\n
<\/embed><\/a><\/span><\/div>\n
\u00a0<\/span><\/div>\n
<\/embed><\/a><\/span><\/div>\n
\u00a0<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang Bankruptcy is also known as “Bk” For startups, the shutdown is not a normal asset liquidation with re-org. It is Assignment Benefit of Creditors. ABC. It is not to be confused with ABCD… …ABCD is “American Born Chinese Dog” = Shih Tzu. Larry Chiang (@LarryChiang) 6\/1\/15, 1:03 PM “VCs had left it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,40],"tags":[],"class_list":["post-5343","post","type-post","status-publish","format-standard","hentry","category-deep-underground-capital-knowledge","category-deep-underground-credit-knowledge-via-subroutines"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/5343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=5343"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/5343\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=5343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=5343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=5343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}