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Which of the Following Is NOT Considered to Be an Act

Question 41

Multiple Choice

Which of the following is NOT considered to be an act of bankruptcy? A debtor


A) admits at a meeting of his creditors that he is unable to pay his debts
B) shows at a meeting of creditors financial statements that show he is insolvent
C) gives notice to his creditors that he has suspended payment of his debts
D) ceases to meet his liabilities generally as they become due.
E) all of the above are considered to be acts of bankruptcy

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