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Which of the Following Statements Is FALSE

Question 37

Multiple Choice

Which of the following statements is FALSE?


A) A creditor starts a voluntary bankruptcy
B) A creditor starts an involuntary bankruptcy
C) In a voluntary bankruptcy it must be impossible for the debtor to pay the debts owing.
D) The creditors' rejection of a commercial proposal results in a bankruptcy.
E) The trustee in bankruptcy is an accountant who is licensed as a specialist by the Superintendent of Bankruptcy

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