Which of the following is a goal of the Bankruptcy and Insolvency Act?
A) Determines process by which debtors convey their assets to a trustee in bankruptcy who distributes them to the creditors
B) Allow persons with impossible burdens of debt to discharge all of their debts.
C) Protects the interests of debtors.
D) Provides alternative to criminal charges
E) Helps incorporated companies after discharge to carry on without the same burden of debt

Question

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The Answer of Which of the following is a goal of the Bankruptcy and Insolvency Act?
A) Determines process by which debtors convey their assets to a trustee in bankruptcy who distributes them to the creditors
B) Allow persons with impossible burdens of debt to discharge all of their debts.
C) Protects the interests of debtors.
D) Provides alternative to criminal charges
E) Helps incorporated companies after discharge to carry on without the same burden of debt

Which of the Following Is a Goal of the Bankruptcy