Multiple Choice
Carmen is a creditor of Joe's Popular Pizza,an entity that has just gone bankrupt.She learns about the bankruptcy in the newspaper and realizes that she must file a claim if she is to get any money back.Carmen must file a proof of claim because
A) it is the required method of proving a claim in bankruptcy,providing notice and an opportunity for the debtor or other creditors to challenge the claim if necessary.
B) Carmen is a secured creditor.
C) she is claiming a settlement and not a preference.
D) Carmen wants to pursue Joe's Popular Pizza in another province.
E) Joe's whereabouts are unknown.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A receiving order is a court order
Q17: Janine decides to make an assignment into
Q18: Tae is insolvent and has selected an
Q19: Things have been difficult for Jill during
Q20: A debtor MUST include in a proposal<br>A)all
Q21: Kundai graduated with an arts degree 2
Q22: The principle of creditor equality in bankruptcy
Q24: The trustee in bankruptcy holds the property
Q26: Alphonse is new to Canada and decides
Q28: Bankruptcy is a federally regulated procedure in