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Bankruptcy Is a Federally Regulated Procedure in Canada Because

Question 7

Multiple Choice

Bankruptcy is a federally regulated procedure in Canada because


A) the provinces have no jurisdiction with respect to financial matters.
B) it helps to punish debtors who engage in fraudulent behaviour.
C) it is assigned to the federal government under the Constitution in recognition of the fact that uniformity in the law is important in promoting equal treatment of creditors across Canada.
D) it is a federally regulated procedure in both the United States and the United Kingdom.
E) it helps to rehabilitate debtors.

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