The out-of-existence option is not risky if the debtor has no assets.

Name: The out-of-existence option is not risky if the debtor has no assets.
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Question

Quizplus · Accepted Answer

The out-of-existence option, typically referring to dissolving a company or declaring bankruptcy, can still be risky even if the debtor has no assets. This is because there may be legal, tax, and reputational implications that can affect the debtor's future financial and business opportunities.

The Out-Of-Existence Option Is Not Risky If the Debtor Has