For some debtors, bankruptcy has become an acceptable tool of credit management.

Question

Quizplus · Accepted Answer

This statement is true. While bankruptcy is often seen as a negative consequence, there are some debtors who view it as a viable option for managing their debt and starting fresh financially. However, it is important to note that bankruptcy should only be considered after all other options have been exhausted and it can have significant long-term consequences on one's credit score and financial future.

For Some Debtors, Bankruptcy Has Become an Acceptable Tool of Credit