Lodging a Declaration of Intention to Present a Debtors Petition

question 59

Multiple Choice

Lodging a declaration of intention to present a debtors petition is not a good option for a debtor who wants to:

• A)take some time to negotiate with creditors.
• B)have a short cooling off period to consider her options.
• C)stop creditors from taking action to recover a debt for 7 days.
• D)prevent a creditor from proving at a later stage that it is appropriate for the debtor to be made bankrupt.

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