Question: Which statement is false with respect to a declaration of personal bankruptcy? Points: 1 Unsecured creditors will not be able to take legal steps to

Which statement is false with respect to a declaration of personal bankruptcy?

Points: 1

  1. Unsecured creditors will not be able to take legal steps to seize property
  2. You can file for bankruptcy when you become insolvent
  3. Declaring bankruptcy has greater consequences than filing a consumer proposal
  4. Any of the debtors assets can be liquidated to pay creditors

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