Please, answer the question correctly. The answer should have some critical thinking and class concepts (Corporate Financial Management). Do not exceed 750 words. You are allowed to cite websites and have references. Thanks.

Firms sometimes use the threat of bankruptcy filing to force creditors to renegotiate terms or even as a means of reducing labor costs. Whether or not this move is ethical or proper is often debated. What say you? What does the company expect by doing so?