The trustee takes a neutral position in bankruptcy proceedings, acting on behalf of all creditors.

The trustee takes a neutral position in bankruptcy proceedings, acting on behalf of all creditors. True False The Bankruptcy and Insolvency Act is a provincial statute. True False An undischarged bankruptcy cannot obtain credit under any circumstance. True False Who owns or has title is largely irrelevant in terms of the application of the PPSA (Personal Property Security Act). True O False Borrowers must sign a legal authorization to investigate. True False To calculate income for someone who is earning their income as salary. Providing their employment offer letter from a year ago would be acceptable. True False A credit card application and a mortgage application can have different income verification requirements? True O False