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Carmen Is a Creditor of Joe's Popular Pizza,an Entity That

Question 23

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.

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