Domenico Is a Tradesman Who Works as an Independent Contractor

Domenico is a tradesman who works as an independent contractor. When the economy went into a recession and new construction projects dried up, he found it impossible to make ends meet. As a result, he has stopped meeting his debts as they fell due. Which of the following statements is TRUE?

A) A court will issue a receiving order only if Domenico enters bankruptcy through assignment.
B) Domenico is already bankrupt.
C) Domenico's failure to pay his debts as they fall due constitutes an act of bankruptcy.
D) Because he is an individual, rather than a corporation, Domenico may be put into bankruptcy through the process of assignment, but not through a creditor's application for a bankruptcy order.
E) None of the above.