Multiple Choice
Which of the following is false regarding rights of a trustee in a Chapter 7 bankruptcy?
A) The trustee takes possession of the debtor's property and has it appraised.
B) If someone else holds the debtor's property, the trustee has the power to require the person to return that properly.
C) The trustee examines the debtor's records but may not even temporarily take over the debtor's business.
D) The trustee can initiate collection actions but must also defend against creditor actions.
E) The trustee separates the exempt property from the nonexempt property and sells the nonexempt property.
Correct Answer:

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Correct Answer:
Verified
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