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Danny is thinking of bankruptcy for his business, but so far he has not made an assignment, nor is the business subject to a receiving

Danny is thinking of bankruptcy for his business, but so far he has not made an assignment, nor is the business subject to a receiving order. Yet, because Danny meets all the requirements of bankruptcy, the Bankruptcy and Insolvency Act refers to Danny as a. a candidate for bankruptcy. b. an insolvent person. c. an applicant for bankruptcy. d. being bankrupt. e. a consumer debtor.

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