What Happens If a Consumer Proposal Is Rejected

Multiple Choice

What happens if a consumer proposal is rejected?

A) the court must hold a bankruptcy hearing
B) the creditors can seize the assets of the insolvent person
C) the insolvent person is automatically declared bankrupt
D) the Trustee in Bankruptcy must seek a settlement with creditors.
E) the insolvent person can present a new Proposal on the basis of new information