The Local Court Ordered Ofelia to Pay Kerry a Debt

question 7

Multiple Choice

The local court ordered Ofelia to pay Kerry a debt of $2000.When she failed to pay,Kerry sent the sheriff to Ofelia's house to seize goods as repayment.Four months later another creditor,who is owed $10 000,wants to apply for a creditor's petition to force Ofelia into bankruptcy.Which of the following statements is true?

• A)Ofelia has committed an act of bankruptcy that any creditor can rely on when applying for a creditor's petition.
• B)The creditor who sent the sheriff to Ofelia's house is the only person who can apply for a creditor's petition.
• C)Ofelia will commit an act of bankruptcy if she refuses to admit the sheriff the next time he arrives.
• D)Ofelia has committed an act insolvency but not an act of bankruptcy.

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