4) Carl has a car loan, a business loan, and three credit cards. He owes very substantial balances on all of the above. He has made the decision to declare bankruptcy and makes an appointment with a Trustee in Bankruptcy to begin the process. In the week leading up to the meeting, Carl goes out and purchases some personal items for his wife and children valued at $10,000. He spreads the purchases over his three credit cards to max out the remaining credit limit on each card. What do you say as to whether what Carl did is ethical? Explain