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Bankruptcy and Financial Distress

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Which of the following is not an indirect cost of bankruptcy?
Legal Fees
Delayed Liquidation
Costs to Creditors
Loss of Customers

Which of the following is not an indirect cost of bankruptcy?
Loss of Suppliers
Fire Sales of Assets
Costs of Appraisers
Loss of Employees

Which of the following is not a direct cost of bankruptcy?
Costs to Creditors
Investment Banking Costs
Costs of accounting experts
Legal Costs and Fees

Which of the following industries is likely to have the lowest costs of financial distress?
Airlines
Computer Software
Biotechnology
Electric Utilities

Which of the following industries likely to have the highest costs of financial distress?
Grocery store
Semiconductors
Real estate
Utilities

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