Bankruptcy Is a Federally Regulated Procedure in Canada Because

question 17

Multiple Choice

Bankruptcy is a federally regulated procedure in Canada because

• A) the provinces have no jurisdiction with respect to financial matters.
• B) it helps to punish debtors who engage in fraudulent behaviour.
• C) it is assigned to the federal government under the Constitution in recognition of the fact that uniformity in the law is important in promoting equal treatment of creditors across Canada.
• D) it is a federally regulated procedure in both the United States and the United Kingdom.
• E) it helps to rehabilitate debtors.

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