Multiple Choice
Which of the following is a duty vested in a trustee by the court,when the debtor is a business and files a Chapter 7 petition?
A) He may be authorized to operate the business for a limited period of time.
B) He may be authorized to make payments made by the debtor within 90 days before the filing of the petition.
C) He may be authorized to sell the debtor's properties and hand over the proceeds of the sales to the debtor.
D) He may be authorized to pay off the debts according to the personal priority list.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Josh,a college student,has been told by his
Q12: Under the 2005 Bankruptcy Act,debtors are required
Q13: Stan commits securities fraud and takes $5,000,000
Q14: When a petition is filed,an automatic stay
Q15: Stan has debt problems.He has unpaid alimony
Q17: Once a Chapter 12 plan is created,the
Q18: In 1978,Chapters 11 and 13 of the
Q19: The only individuals specifically excluded from filing
Q20: Under Chapter 13,agencies charged with collecting and
Q21: In a _,a qualified debtor creates a