A proposal to creditors is made by an insolvent debtor having difficulty meeting payments. Which of the following is true?

A.

The proposal must require at least 50 percent of the total debt to be repaid.

B.

The proposal must be rejected by creditors within 45 days, or it will be deemed to be accepted.

C.The proposal must be for an amount over

$50 comma 00050,000.

D.

The history will remain on the credit bureau report for 3 years after terms have been met