Which of the following statements about bankruptcy is true?

Which one of the following statements about bankruptcy is true? a) Bankruptcy law forces a debtor to pay all his debts, fegardless of his financial position. b) All creditors of a bankrupt debtor are treated equally and will receive shares of the assets directly in proportion to bow much is owed to each of them. C) Bankrupicy refers to a situation in which a debtor who cannot pay debts transfers his assets to the creditors directly. d) Banknuptcy law is different in every province. e) A debtor who has been discharged from bankruptcy is released from his previous financial obligations