Blackstone Inc Has Become Insolvent and Has Issued Debentures in a Series

Blackstone Inc has become insolvent and has issued debentures in a series. Which of the following statements is TRUE?

A) Blackstone has an absolute right to to use the Companies' Creditors Arrangement Act.
B) Blackstone cannot use the Winding Up Act if it is a federally incorporated company.
C) If Blackstone begins by using the Bankruptcy and Insolvency Act, it may later switch to the Winding Up Act if it is advantageous to do so.
D) If Blackstone successfully uses the Companies' Creditors Arrangement Act, actions by its secured creditors will be stayed.
E) A debenture is a special class of shares.