In bankruptcy proceedings, the term "settlements" refers to
A) complying with each provision in the Bankruptcy and Insolvency Act.
B) refers to gifts of property made by the debtor before becoming bankrupt.
C) the end results in the bankruptcy proceedings.
D) the amount each creditor is willing to settle for to satisfy his claim.
E) the negotiations between classes of creditors.

Question

Quizplus · Accepted Answer

In bankruptcy proceedings, "settlements" specifically refer to gifts of property made by the debtor before becoming bankrupt, which can be scrutinized and potentially reversed to ensure fair distribution among creditors.

In Bankruptcy Proceedings, the Term "Settlements" Refers to