The Bankruptcy and Insolvency Act Defines a "Consumer Debtor" as

Multiple Choice

The Bankruptcy and Insolvency Act defines a "consumer debtor" as

A) an insolvent individual whose debts, excluding those secured on their principal residence, do not exceed $250 000.
B) a corporation that is primarily indebted to consumers.
C) an individual whose debts arise exclusively from consumer purchases.
D) a corporation or an individual who purchases outstanding debts from creditors, and then uses various means to extract payment from the debtors.
E) any individual that is not carrying on a business.