Bankruptcy is a federally regulated procedure in Canada because
A) it is assigned to the federal government under the Constitution.
B) the provinces have no jurisdiction with respect to financial matters.
C) it helps to punish debtors who engage in fraudulent behaviour.
D) it is a federally regulated procedure in both the United States and the United Kingdom.
E) it helps to rehabilitate debtors.
Correct Answer:
Verified
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