James Had Made a Consumer Proposal (Division II)to His Creditors

question 3

Multiple Choice

James had made a consumer proposal (Division II) to his creditors.He wanted a reduction and extension of time for the payment of his debts.A formal meeting was not requested by any of the creditors.Now the administrator must

• A)run a public notice in the newspaper.
• B)get approval of the proposal from the court.
• C)notify and file the document with all creditors.
• D)provide counselling to the debtor.
• E)see that all the provisions meet Division I rules.

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Definitions:

Sleeping Pills

Medications prescribed to aid in falling asleep or staying asleep, used to treat sleep disorders.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or both, resulting in impaired daytime functioning.

Narcolepsy

A long-term sleep disturbance with pronounced daytime fatigue and sudden sleep assaults.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, often leading to disrupted sleep and health complications.