Which of the following are true? (1) If Jerymy is experiencing financial difficulties, he can attempt to negotiate with his creditors to pay a reduced amount. O 2 ) If Jerymy owes more than $5 million, he can use the CCAA (Companies' Creditors Arrangement Act) to restructure his financial affairs. O 3) If Jerymy owes $200,000, he can make a proposal under either Division I or Division II of the Bankruptcy and Insolvency Act 4) If Jerymy makes a proposal under Division I of the Bankruptcy and Insolvency Act, a meeting of creditors is required