Danny Is Thinking of Bankruptcy for His Business but So

Multiple Choice

Danny is thinking of bankruptcy for his business but so far has not made an assignment nor is the business subject to a receiving order. Yet, because Danny meets all the requirements of bankruptcy, the Bankruptcy and Insolvency Act refers to Daniel as

A) an applicant for bankruptcy.
B) a candidate for bankruptcy.
C) an insolvent person.
D) being bankrupt.
E) a consumer debtor.