"Business Turnarounds" Please respond to the following: Create a scenario in which a business’s most attractive option may be to declare bankruptcy identifying the benefits and consequences of the fi

 "Business Turnarounds" Please respond to the following:

• Create a scenario in which a business’s most attractive option may be to declare bankruptcy identifying the benefits and consequences of the filing. Provide a rationale with your response.
• Create a scenario in which you would sell a portion of your financially troubled business venture from Assignment 1 to a turnaround management company in hopes of getting the business back on track. Provide support for how this may be a desirable option.