If bankruptcy declaration is legal, then it is ethical.

Name: If bankruptcy declaration is legal, then it is ethical.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Legality and ethics are two different concepts. Just because something is legal does not necessarily mean it is ethical. Bankruptcy declaration may be a legal option for individuals/businesses in financial distress, but whether it is considered ethical can depend on various factors such as the reason for the bankruptcy, how it was handled, and the impact on creditors and stakeholders.

If Bankruptcy Declaration Is Legal, Then It Is Ethical