With Regard to Debt Collection,which of the Following Is False

question 136

Multiple Choice

With regard to 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, if accepted by his creditors, will not result in bankruptcy.
• B) Under the execution procedure, the assets of a judgment debtor can be seized to satisfy a judgment debt.
• C) A person who wins in an action and is awarded damages is called a "judgment creditor."
• D) Any assets obtained by a bankrupt after his being discharged can still be claimed by former creditors who placed him into bankruptcy.
• E) A debenture can create a "floating charge" that will not attach to anything specifically until the debtor defaults or until the happening of another "crystallizing" event.