Skynet Is an Insolvent Company

Multiple Choice

Skynet is an insolvent company.It has approximately $6 million in debt that it cannot repay, but it wants to attempt to continue operating under its own control.Which of the following should Skynet pursue?

A) fraudulent conveyance law to prove its debt was given fraudulently
B) the BIA to begin bankruptcy proceedings
C) the WURA, but only if it is federally incorporated
D) the CCAA to begin a restructuring process
E) the proposal procedure to begin a scheme of arrangement