Use the Fact Situation in Q2 to Answer the Related

Use the fact situation in Q2 to answer the related question that follows. Assume that by March 2009,the company's business was starting to recover,but the company was still insolvent.In this case,instead of voluntarily assigning itself into bankruptcy,General Widgets could have

A) made a commercial proposal.
B) commenced winding-up proceedings.
C) made a consumer proposal.
D) obtained a receiving order.
E) all of the above

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