. With regard to the rights of creditors, which of the following is false?

a.A secured creditor has priority to the assets covered by the security in priority to a trustee appointed under the Bankruptcy Act.

b.A secured creditor with security properly registered in the registry in Victoria has

priority to the asset over an unsecured creditor.

c.If a debtor transfers all of her assets to her spouse to prevent a judgment creditor fromrecovering the assets to pay the debt, there is nothing the creditor can do.

d.If a bank chooses to enforce a security, the company may go into receivership without

necessarily going into bankruptcy.

e.A debenture under the Personal Property Security Act can create a "floating charge" thatwill not attach to anything specific until the debtor defaults or until thehappening of another "crystallizing" event.