The Following Is True Regarding Secured Creditors in Bankruptcy Proceedings

Multiple Choice

The following is true regarding secured creditors in bankruptcy proceedings.

A) Through agreement, they may accept the security itself in settlement of their account.
B) They immediately follow the preferred creditors in ranking of priority.
C) They must pay the other secured creditors any surplus in the value of their security.
D) Any deficit in the value of the secured property is directly made- up by the general creditors.
E) They are not governed by the Bankruptcy and Solvency Act.