Donaldo China Inc Is an Importer of Plates Operating in Toronto

Donaldo China Inc is an importer of plates operating in Toronto. It borrowed $100 000 from Barings Bank and, in a written agreement, gave the Bank a security interest in its inventory. The Bank filed a financing statement to register its security interest for two years in 2007. The Bank's registration expired in December 2009. In April 2010, Donaldo becomes bankrupt. A trustee in bankruptcy is appointed to administer the estate of Donaldo. Which of the following statements is TRUE?

A) Barings's security interest was perfected so it is can be enforced against Donaldo's assets even though Donaldo is bankrupt.
B) Because Barings's interest had attached, it is enforceable against third parties like the trustee in bankruptcy.
C) The trustee in bankruptcy will treat Barings's security claim as an unsecured debt.
D) Because Barings's has a security interest, the trustee has a discretion to treat it as a secured creditor.
E) None of the above.