Which of the following is a goal of the Bankruptcy and Insolvency Act?
A) To determine the process by which debtors convey their assets to a trustee in bankruptcy who distributes them to the creditors
B) To provide an alternative to criminal charges
C) To allow persons with impossible burdens of debt to discharge all of their debts
D) To protect the interests of debtors
E) To help incorporated companies after discharge to carry on without the same burden of debt

Question

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The Answer of Which of the following is a goal of the Bankruptcy and Insolvency Act?
A) To determine the process by which debtors convey their assets to a trustee in bankruptcy who distributes them to the creditors
B) To provide an alternative to criminal charges
C) To allow persons with impossible burdens of debt to discharge all of their debts
D) To protect the interests of debtors
E) To help incorporated companies after discharge to carry on without the same burden of debt

Which of the Following Is a Goal of the Bankruptcy