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Bankruptcy Law Is Intended to Ensure That

Question 35

Multiple Choice

Bankruptcy law is intended to ensure that


A) most people will not lend money in ordinary circumstances to people they do not know.
B) debtors are relieved of the consequences of their insolvency.
C) ordinary creditor-debtor laws are used to deal with insolvent debtors.
D) there is a central clearing house for information about debt in Canada.
E) debtors and creditors know what the consequences will be if debts cannot be repaid,and debtors may seek protection from creditors,including the orderly disposal of debtors' assets,and either winding up or rehabilitation of debtors.

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