Noah Is a Bodybuilder Who Enters the Diet-Supplement Business

Multiple Choice

Noah is a bodybuilder who enters the diet-supplement business.His supplements,GRO-BIG,become popular because they come in the form of chewable bars that can be sold in grocery and convenience stores.GRO-BIG grows very big indeed.Unfortunately,Noah's expenses are high and he has periodic cash flow problems,though he is not insolvent.His creditors are seeking payment.If he wants to retain control of GRO-BIG operations,his best bet would likely be to

A) make a proposal to his creditors to liquidate the GRO-BIGbusiness.
B) encourage one of his creditors to apply for a bankruptcy order.
C) make an assignment into bankruptcy so that he can extend the time needed to pay his debts.
D) seek court approval of a scheme of arrangement under the Companies Creditor's Arrangement Act.
E) make a proposal to the creditors that would give the creditors more if the business operates than if the business is liquidated in bankruptcy.