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Julia is a business owner and is worried that one of her suppliers may sue...

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Finance

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?

Yes, because the assets are in her name and not in the company name

Yes, as segregated funds provide creditor protection

No because she purchased the contract 3 months before placing her company into bankruptcy

No because segregated funds' assets are held by the insurance company

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