Which of the Following Is a Goal of the Bankruptcy

question 22

Multiple Choice

Which of the following is a goal of the Bankruptcy and Insolvency Act?

• A) To determine the process by which debtors convey their assets to a trustee in bankruptcy who distributes them to the creditors
• B) To provide an alternative to criminal charges
• C) To allow persons with impossible burdens of debt to discharge all of their debts
• D) To protect the interests of debtors
• E) To help incorporated companies after discharge to carry on without the same burden of debt