Zebra Ltd. (ZL) is financially distressed and now must seek creditor protection under the Companies' Creditors Arrangement Act (CCAA) or Bankruptcy Insolvency Act (BIA). Which one of the following statements about these formal legal proceedings is true? Question 22 options: a) The BIA is only available to entities that owe more than $5 million to its creditors, whereas the CCAA has no such restrictions. b) Restructuring solutions must follow specific rules and procedures under the BIA, whereas under CCAA the judge has discretion in finding appropriate solutions. c) Only the CCAA has a stay of proceedings during which no further interest can be charged by lenders, whereas under the BIA interest can continue to accrue until the debt is settled. d) The BIA and CCAA both have a requirement that the formal proposals for restructuring must all be finalized within two years