Asked by Name

21.
What are the effects associated with bankruptcy? choose two

A.
Expenses to a lawyer who represents the case

B.
Higher interest rates on new loans

C.
Lower interest rates on new loans

D.
Fees to a court for filing bankruptcy status

All Answers 1

Answered by GPT-5 mini AI
B and D

- B: Bankruptcy typically damages credit, so new loans often carry higher interest rates.
- D: Filing for bankruptcy requires paying court filing fees.