this is canadian law course case. please solve it one hour .

CASES FOR DISCUSSION Case #1 over the past 12 months. Five months ago, lured and a private investor in order to keep business going d's business has been experiencing a huge decline in sales over the past 12 months had to suspend payments on the two loans with his bank and a private investor in orde ss is now $65,000 in debt and he is not sure what to do. Jared believes that the business will im another three months when a new bus stop in front of his store is added to the transit line. On the other is not sure he can take another three months of phone calls and letters from his lenders and suppliers demanding payment or else. a. Explain to Jared the differences between insolvency and bankruptcy. (LO 11.5) b. Explain to Jared the process of submitting a proposal to creditors under the Bankruptcy and Insolvency Act. (LO 11.5) c. What are Jared's alternatives if the proposal is rejected? (LO 11.5) Adelaide had saved a considerable proud of her niece Elandra, who ite successful and quickly grown to saved a considerable sum of money over the years. She was very proud of her nie rated and started her own horseracing stable, which had become quite successful and Flandra's horses had done very well at the racetrack and she was in the process of plann Anment of her racing stable. To make her plans a reality, Elandra required financing of the axneriencing difficulty in finding the money because of the risky nature of horse racing and the had been in operation for only four years. four horses. Elandra's horses had d stage in the development of her racing stab Adelaide believes Elandra has what it takes to be a success and wants to help her by investing in the racing stable Adelaide also wants to make sure that the risk to her investment is minimal. Adelaide heard that you took an excellent business course at college and has come to you for advice. Please advise Adelaide on: a. The options available for investing in Elandra's business. (LO 11.3) b. The process involved with each form of investment. (LO 11.3) c. The risks and benefits associated with each form of investment. (LO 11.3)