Which of the Following Acts on the Part of a Bankrupt

question 57

Multiple Choice

Which of the following acts on the part of a bankrupt person is not a bankruptcy offence?

• A)Giving an unfair preference 2 years prior to becoming bankrupt.
• B)Borrowing more than a prescribed amount of money without disclosing their status as an undischarged bankrupt.
• C)Becoming a director of a company without court permission.
• D)Gambling money in the 2 years prior to becoming bankrupt.

---

Definitions:

Employee Resignation

The act of an employee voluntarily leaving their job and ceasing employment with their current employer.

Voluntary Redundancy

A financial incentive offered by an employer for employees to voluntarily leave their jobs, typically as part of cost-cutting measures or organizational restructuring.

Long Service Leave

An employee benefit that grants extended paid leave for those who have been employed for a long period with the same employer.

Projected Wages

An estimate of future wage payments based on current contracts, salary trends, and other factors affecting compensation over a defined period.