Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Bankruptcy is:
  1. Filed as an easy way out
  2. Filed voluntarily or ordered by the court of law
  3. Filed to get away with debt
  4. Filed as and when required
Explanation
Answer: B - Bankruptcy is filed voluntarily or ordered by the court of law. It is never a desirable choice, as it has many legal connotations attached therewith.
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