Gidgits Galore has begun to lose income because it refuses to establish an online presence, and now it is
insolvent. It is deciding whether to file for bankruptcy. However, a knowledgeable business person has
recommended for them to stay out of bankruptcy and do an Assignment for Benefit of Creditors (ABC) instead
because it will save costs and can repay creditors more money instead of wasting it on attorney fees and court
costs.
True
O False