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

Verified
Correct Answer:
Verified
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