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In finance, we often think of tradeoffs, that is benefits versus costs. The textbook author specifically discusses the tradeoffs of filing for personal bankruptcy. Specifically,

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In finance, we often think of tradeoffs, that is benefits versus costs. The textbook author specifically discusses the tradeoffs of filing for personal bankruptcy. Specifically, identify two benefits and two costs that the author describes in Chapter 7 (note the page numbers where you saw the discussion in your response)

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