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Indirect bankruptcy costs are likely to be smaller for forms which rely on long-term contracts with customers as a means of selling output are likely
Indirect bankruptcy costs are likely to be smaller for forms which rely on long-term contracts with customers as a means of selling output are likely to increase the less the firm relies on its suppliers for credit are the costs of legal representation for a bankruptcy proceeding and for ancol expertise to maneuver during negotiation to reorganize represent a deterioration in the value of a firm that is caused by the experiencing distress and bankrupte
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