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.

Question

Quizplus · Accepted Answer

All the options listed (A, B, C) are indeed advantages of prepackaged bankruptcy, making D the correct choice as it states that all the options are advantages.

All of the Following Are an Advantage of Prepackaged Bankruptcy