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Direct & Indirect Bankruptcy Costs

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Jennifer is the CEO of a company that has many debts. Why does she decide to file a Chapter 11 bankruptcy with the court?

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1. Company A's creditors are so worried about the company's ability to repay them that they file with the court to demand that Company A sell off all the assets it owns in order to pay off its debts. Company A is in Chapter _____ bankruptcy.

2. Which of the following statements best describes bankruptcy?

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About This Quiz & Worksheet

What is the difference between indirect bankruptcy cost and direct bankruptcy cost? See what you know about these differences and examples of both by using the worksheet and quiz.

Quiz & Worksheet Goals

Using these materials helps you find out how much you know about:

  • An example of a direct cost of bankruptcy
  • Type of bankruptcy that allows companies to continue to do business while paying off creditors
  • Example of indirect cost of bankruptcy
  • Types of bankruptcy

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the lesson on direct and indirect bankruptcy cost
  • Distinguishing differences - compare and contrast main topics, such as indirect and direct bankruptcy cost
  • Knowledge application - use your knowledge to answer questions about the different types of bankruptcy

Additional Learning

The lesson titled Direct & Indirect Bankruptcy Costs can help you review more topics, such as:

  • What bankruptcy involves
  • Characteristics of the different types of bankruptcies
  • The meaning of indirect cost
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