Which of the Following Are Disadvantages of Bankruptcy for the Creditors

question 30

Multiple Choice

Which of the following are disadvantages of bankruptcy for the creditors involved?

• A)High costs,including the trustees' fees.
• B)Delays and complications before the bankrupt estate is distributed.
• C)Damage to the bankrupt's credit record.
• D)All of the above
• E)A and B only

---

Definitions:

Judicial Review

The power of courts to assess the constitutionality of laws or governmental actions and to override those found to be unconstitutional.

Constitution

A system of fundamental principles or established precedents according to which a state or other organization is governed.

Federalism

Federalism is a political system where power is divided between a central government and smaller political units, such as states.

Authority

The capability or privilege to direct actions, decide on matters, and command adherence.