Once bankruptcy has been formally declared and resolved, the entrepreneur will be discharged from all debts of the business with the exception of __________.
A) any credit that was personally guaranteed by the entrepreneur
B) any employee deductions and/or taxes owed to Revenue Canada and provincial tax authorities
C) any wages owed to employees (in some provincial jurisdictions)
D) All of the answers are correct.
E) None of the answers apply.
Correct Answer:
Verified
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