If the Assets in an Insolvent Business Are Not Sufficient

question 29

Multiple Choice

If the assets in an insolvent business are not sufficient to satisfy the business's debts, what can the creditors of the business seize?

• A)The personal assets of shareholders if the business is a corporation.
• B)The assets of one shareholder and ignore the assets of the other shareholders if the business is a corporation.
• C)The personal assets of the owner if the business is a sole proprietorship.
• D)Both B and C
• E)All of the above