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What is one possible negative effect of declaring bankruptcy?

being unable to get a loan for a house

being unable to file another civil case for five years

being more likely to receive a harsher sentence in court

being forced to pay for the music that was pirated

User Shriniwas
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Answer:

Being unable to get a loan for a house

Step-by-step explanation:

One possible negative effect of declaring bankruptcy is that it may make it harder to obtain credit or loans in the future. This is because bankruptcy is seen as a negative mark on a person's credit history and can stay on their credit report for up to ten years. Lenders may view individuals who have filed for bankruptcy as high-risk borrowers and may be hesitant to lend them money or extend credit.

User Zabolekar
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