Which of the following would be a preferred creditor in a corporate bankruptcy?
A) a supplier owed $35,000 for goods it had sold to the corporation
B) 40 employees who are each owed $2,000 in wages
C) a landlord owed 2 month's rent totaling $30,000
D) a car dealer with a chattel mortgage of $20,000 on one of the company's trucks
E) both B and C
Correct Answer:
Verified
Q31: In a bankruptcy, there was $150,000 left
Q32: The CCAA (Companies' Creditors Arrangement Act)is used
A)by
Q33: A consumer proposal
A)does not show up on
Q34: In a bankruptcy, there was $150,000 left
Q35: The purpose of the CCAA is
A)to provide
Q37: Which of the following could use a
Q38: Susan filed a Division 2 proposal but
Q39: Navtech Inc. filed a Division 1 proposal.
Q40: Which of the following is NOT a
Q41: Kastner Lumber Ltd. supplies lumber to Solti
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