Multiple Choice
A proposal to creditors is used by an insolvent debtor having difficulty meeting payments
A) and must be rejected by creditors within 45 days, or it will be deemed to be accepted.
B) will remain on the credit bureau report for seven years after terms have been met.
C) only when total debt is less than $100 000.
D) so that the creditors may avoid filing for bankruptcy.
Correct Answer:
Verified
Correct Answer:
Verified
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