Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) Whether paid by the firm or its creditors,the indirect costs of bankruptcy increase the value of the assets that the firm's investors will ultimately receive.
B) In addition to the money spent by the firm,the creditors may incur costs during the bankruptcy process.
C) The bankruptcy code is designed to provide an orderly process for settling a firm's debts.
D) To ensure that their rights and interests are respected,and to assist in valuing their claims in a proposed reorganization,creditors may seek separate legal representation and professional advice.