Question
Firms sometimes use the threat of a bankruptcy filing to force creditors to renegotiate better terms. Critics argue that in such cases, the firm is
Firms sometimes use the threat of a bankruptcy filing to force creditors to renegotiate better terms. Critics argue that in such cases, the firm is using bankruptcy laws as a sword rather than a shield. Is this an ethical tactic?
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
