Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) a receiving order transfers the assets of the debtor to the Trustee in Bankruptcy
B) if a partnership goes bankrupt the partners are not individually petitioned into bankruptcy
C) bankruptcy districts across Canada each have an official receiver the trustee in bankruptcy deals with
D) consumer proposals are almost as common as consumer bankruptcies in Canada
E) a Division 2 proposal can be used by individuals who owe less than $250,000