The Principal Benefit of Proceedings Under the Companies Creditor's Arrangement

question 56

Multiple Choice

The principal benefit of proceedings under the Companies Creditor's Arrangement Act is that

• A) all actions against the debtor, including actions by secured creditors, are stayed.
• B) all actions against the debtor may continue, but payment of any judgment is stayed unless a court orders otherwise.
• C) all actions against the debtor, other than those by secured creditors, are stayed.
• D) no actions against the debtor are stayed unless a court so orders.
• E) no actions against the debtor are stayed, but the debtor enjoys government protection in several phases of the proceedings.

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