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Why would bankruptcy make owning a car more expensive?
A. It causes a loss of assets.
B. It increases the cost of insurance.
C. It relieves a person of their debts.
D. It harms a person's credit report.
SUBMIT

Sagot :

basketballj12

Answer:

its not a. On some test it may be

Step-by-step explanation:

Bankruptcy make owning a car more expensive as It causes a loss of assets. Thus, option (A) is correct.

What is Bankruptcy?

Bankruptcy refer to the situation in which individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor, and then legal process is undertaken.

In order to pay the expenses, the business owner has to sell their cars to decrease the amount of the debt. This kind of the situation arises at the time of the insolvency of the business and court also order starting the process of dissolution.

Therefore, it can be concluded that Since bankruptcy results in the loss of assets, having a car becomes more expensive. Hence,  option (A) is correct.

Learn more about Bankruptcy here:

https://brainly.com/question/1142634

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