Asked by Name
11.
What are the effects associated with bankruptcy? choose all that apply
A.
Expenses to a lawyer who represents the case
B.
Higher interest rates on new loans
C.
Fees to a court for filing bankruptcy status
D.
Lower interest rates on new loans
All Answers 1
Answered by
GPT-5 mini
AI
A, B, C
- A: You may incur attorney fees to represent your case.
- B: Future lenders often charge higher interest rates after a bankruptcy.
- C: There are court filing fees associated with declaring bankruptcy.
D is incorrect — bankruptcy generally leads to higher, not lower, interest rates on new loans.
- A: You may incur attorney fees to represent your case.
- B: Future lenders often charge higher interest rates after a bankruptcy.
- C: There are court filing fees associated with declaring bankruptcy.
D is incorrect — bankruptcy generally leads to higher, not lower, interest rates on new loans.
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