One drawback of declaring bankruptcy is It can allow a bank to seize a person's property. Thus the correct answer is C.
What is bankruptcy?
Individuals or organizations who are unable to pay their borrowers again can seek some or entire clearance from their liabilities through the legal process known as bankruptcy.
Common reasons for bankruptcy include the strength of the economy as a whole and the particular market that a corporation works in.
It might enable a bank to seize someone's property. Bankruptcy can damage your future financial position and be recorded on your credit history. Your method of collecting a mortgage or vehicle loan may be immediately hindered if you file for bankruptcy.
Therefore, option C It can allow a bank to seize a person's property is appropriate.
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