As part of bankruptcy protection,a retailer can ________.
A) raise additional capital for mergers
B) refuse to pay bills
C) get out of leases
D) convert stock ownership to bonds

Question

Quizplus · Accepted Answer

As part of bankruptcy protection, a retailer can get out of leases in order to reduce expenses and improve their financial situation. They may not be able to refuse to pay bills entirely, but they may be able to negotiate payment plans or reductions with creditors. Raising additional capital for mergers is typically not a priority during bankruptcy, and converting stock ownership to bonds is not a common practice in this context.

As Part of Bankruptcy Protection,a Retailer Can ________