2-Julia is a business owner and is worried that one of her suppliers may sue her. She has learned that segregated funds

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answerhappygod
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2-Julia is a business owner and is worried that one of her suppliers may sue her. She has learned that segregated funds

Post by answerhappygod »

2-Julia is a business owner and is worried that one of her
suppliers may sue her. She has learned that segregated funds
provide creditor protection, so she purchases a contract 3 months
prior to placing her company into bankruptcy. Will her segregated
funds be protected from creditors in this case?
A-No because segregated funds' assets are held by the insurance
company
B-Yes, because the assets are in her name and not in the company
name
C-No because she purchased the contract 3 months before placing her
company into bankruptcy
D-Yes, as segregated funds provide creditor protection
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