The Dark Side of Debt

In the united states, the bias towards debt over equity is distorting capital structures pen america because debt has a dark side. I'm teaching soin disciplinary that it's listed in political science and its sort of heaslot law. Soi a bankrupcyis like an illegal optiontet to kind of get om from all the overhangs of debt that prevent you from breathing ocans more. A fullrepemptivy structure inten it's supposed to be, it's to be sort of forgiving. We're forgiving of taking too much. But if you use it as a shield, like we discuss the sacklers, et cetera, or if you