Whether the bankruptcy is an ethical tactic. Introduction: The legal proceeding, which involves a business or person that cannot be able to pay back the outstanding debts is called a bankruptcy . There are two types of costs of bankruptcy, namely direct cost of bankruptcy and indirect cost of bankruptcy.

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Chapter 16, Problem 8CRCT

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To discuss: Whether the bankruptcy is an ethical tactic.

Introduction:

The legal proceeding, which involves a business or person that cannot be able to pay back the outstanding debts is called a bankruptcy. There are two types of costs of bankruptcy, namely direct cost of bankruptcy and indirect cost of bankruptcy.

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