The Companies Creditor's Arrangement Act

The Companies Creditor's Arrangement Act

A) is available to individuals, but not corporations.
B) is seldom used because it provides less flexibility than the Bankruptcy and Insolvency Act.
C) is often preferred to the Bankruptcy and Insolvency Act if the insolvency of a large corporation crosses international borders.
D) is used only once it is clear that a business will become bankrupt and cannot be saved as a "going concern."
E) is restricted to debtors who owe less than $5 000 000 in total.