ChazCo Carries on an Internet Service Business

Multiple Choice

ChazCo carries on an Internet service business.Unfortunately, because ChazCo is perilously close to becoming bankrupt, it has made a proposal to its many creditors.Under the Bankruptcy and Insolvency Act, a number of possibilities are available to ChazCo.That list of options includes

A) a composition, under which ChazCo's assets will be controlled by a trustee for the benefit of creditors while the proposal is being performed.
B) a scheme of arrangement, which is an agreement between ChazCo and its creditors, which the creditors agree to.
C) a fire sale, under which the creditors would unanimously approve ChazCo's plan to destroy all of its assets in order to receive insurance money.
D) a liquidation proposal, which would occur if ChazCo's biggest creditor took over the debts held by the other creditors.
E) a debt-equity swap, under which ChazCo would exchange its shares for outstanding debt.