All of the Following Are an Advantage of Prepackaged Bankruptcy

question 16

Multiple Choice

All of the following are an advantage of prepackaged bankruptcy EXCEPT:

• A) there is less disruption to the firm's business and less damage to its goodwill.
• B) reduced legal expenses and other fees, which leave more funds available for the creditors.
• C) it is a shorter and simpler bankruptcy process.
• D) All of the options are advantages.

---

Definitions:

Federal Law

Legislation that has been enacted by the national government and applies throughout the country.

Service Mark

A type of trademark used to identify and distinguish the services (rather than goods) provided by one entity from those of others.

Work For Hire

A term in copyright law where the creation of the work automatically grants copyright ownership to the employer or commissioner rather than the individual who created it.

Presumption Of Abandonment

A legal assumption that property has been deserted or forsaken by its owner, often impacting the rights to claim or dispose of the property.