Best Business Attorneys in Jacksonville, NC

Alternatives to filing bankruptcy include negotiating with creditors, mediation, executing an Assignment of Property for the Benefit of Creditors (ABC), or selling a business. These options can extend due dates, lower interest rates, or partially forgive debt, offering different ways to address financial challenges without the legal implications of bankruptcy. However, success depends on creditors' willingness to negotiate. For more details on alternatives to bankruptcy and how they might apply to your situation, visit Gillespie & Murphy, P.A.'s overview here.