Asked by Ms_lsg86@yahoo.com shaless on May 29, 2024
Verified
Since the economic downturn in 2008, individual bankruptcy filings have
A) increased.
B) decreased.
C) become illegal.
D) become easier.
Economic Downturn
A period of reduced economic activity characterized by declining GDP, increased unemployment, and lower consumer spending.
- Identify the results and impacts of filing for bankruptcy on both people and entities.
- Investigate the consequences of changes in legislation on the incidence of bankruptcy filings and the legal framework surrounding them.
Verified Answer
ER
emanuel rodriguezJun 01, 2024
Final Answer :
A
Explanation :
Since the economic downturn in 2008, individual bankruptcy filings have increased as a result of financial hardships faced by many individuals.
Learning Objectives
- Identify the results and impacts of filing for bankruptcy on both people and entities.
- Investigate the consequences of changes in legislation on the incidence of bankruptcy filings and the legal framework surrounding them.
Related questions
The 2005 Bankruptcy Reform Act Was Significant Because ...
Bankruptcy Filings in the United States Were Significantly Reduced by ...
An Individual Whose Debts Are Primarily Consumer Debts Is Known ...
In Which of the Following Did Congress Make Comprehensive Changes ...
The Bankruptcy Code Is Contained Within Which of the Following ...