What is the trustee in bankruptcy and what is the role of the trustee in bankruptcy proceedings? What powers and duties does the trustee have and what sorts of transactions the trustee can attack?
The trustee in bankruptcy is the representative of the estate and has the capacity to sue and be sued on behalf of the estate. The role of the trustee in Chapter 7 is to collect, liquidate, and distribute the debtor's estate. He has the following duties and powers: (a) collecting the property of the estate; (b) challenging certain transfers of property of the estate; (c) using, selling, or leasing property of the estate; (d) depositing or investing money of the estate; (e) employing attorneys, accountants, appraisers, or auctioneers; (f) assuming or rejecting any executory contract or unexpired lease of the debtor; (g) objecting to creditors' claims that are improper; and (h) opposing, if advisable, the debtor's discharge. Trustees under Chapters 11 and 13 perform some but not all of the duties of a Chapter 7 trustee.
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Tonya is a structural engineer who works for a large international firm. She designs the concrete and steel structures that support even the largest and most complex buildings. Because of her high level of technical skills, Tonya is best referred to as a
A. knowledge worker. B. blue-collar worker. C. self-managed worker. D. first-line worker. E. first-line manager.
Research by Morgan Stanley indicates that the United States is home to more companies with global competitive advantage than any other country
Indicate whether the statement is true or false
Analysis of the Return on Assets has particular relevance to the
a. lenders. b. employees. c. lower-level managers. d. government regulators. e. unions.
Which statement is FALSE about consumer boycotts?
A. They are always effective. B. Consumer boycotts usually spark a larger boycott from the other side. C. Successful boycotts focus on a single company over a single issue. D. Advertiser boycotts seem to bring about more change than consumer boycotts.