Marissa declared personal bankruptcy in Ontario on May 1, 2015. Which of the following assets can Marissa NOT keep?
A) $5,000 in jewelry and clothes
B) a van worth $5,500
C) $15,000 in a RRSP of which she last contributed $1,000 on November 1, 2014
D) furniture and appliances worth $10,000
E) she can keep all of these assets
Correct Answer:
Verified
Q56: Duncan Corp. is declared bankrupt. The Royal
Q57: Which of the following statements is FALSE?
A)a
Q58: At the time of its bankruptcy, Lederhosen
Q59: Buta Corp.,a shoe manufacturer, makes a commercial
Q60: Which of the following debts is NOT
Q62: A Division 1 Proposal can be used
Q63: If a person declares personal bankruptcy for
Q64: Only individuals not corporations are entitled to
Q65: As soon as she hears that a
Q66: Al owns all the shares in Star
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents