With Regard to Bankruptcy and Debt Collection, Which of the Following

question 82

Multiple Choice

With regard to bankruptcy and debt collection, which of the following is false?

• A) The Bankruptcy and Insolvency Act provides for a procedure for an insolvent debtor to make a proposal to his creditors that may or may not result in bankruptcy for the debtor.
• B) Both fraudulent conveyance and fraudulent preferences acts attempt to prohibit the debtor from delaying, hindering, or defrauding the creditor.
• C) Corporations that go into receivership may not be involved in bankruptcy; the receivership may be based on contract.
• D) The commission of a bankruptcy offence could prevent a bankrupt debtor from being discharged.
• E) Any assets obtained by a discharged bankrupt can still be claimed by former unsecured creditors who placed the former bankrupt into bankruptcy.

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Definitions:

Color Combination

The practice of pairing or grouping colors together based on aesthetics, functionality, or psychological effects.

Animation Use

The application of animated visuals to convey information, tell stories, or engage audiences.

Knowledgeable

Having a deep understanding or awareness about a specific subject or field.

Presentation Design

The process of planning, implementing, and coordinating every aspect of a visual presentation, typically for delivering information or persuasion.