Firms sometimes use the threat of a bankruptcy filing to force creditors to renegotiate terms. C

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1. The firm is using the threat of bankruptcy to force creditors to renegotiate terms.
2. This t

Firms sometimes use the threat of a bankruptcy filing to force creditors to renegotiate terms. Critics argue that in such cases, the firm is using bankruptcy laws "as a sword rather than a shield." Is this an ethical tactic?