A bankruptcy process is complex,time-consuming,and costly.The costs of bankruptcy include:

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The costs of bankruptcy include the fees of various professionals such as lawyers, appraisers, and auctioneers who need to be hired to navigate the bankruptcy process. These costs can be significant and add to the already strained financial situation of the company. Dividend payments, raw material costs, taxes, and interest payments are not directly related to the bankruptcy process.

A Bankruptcy Process Is Complex,time-Consuming,and Costly