The direct costs of bankruptcy are estimated to be far greater, as a percent of assets, than the indirect costs of bankruptcy.

Question

Quizplus · Accepted Answer

The indirect costs of bankruptcy, such as damage to a company's reputation, loss of customers, or the inability to retain or attract talented employees, are often considered to be far greater than the direct costs, such as legal and administrative fees.

The Direct Costs of Bankruptcy Are Estimated to Be Far