In Chapter 11 bankruptcy proceedings, a ____ is allowed, for the benefit of all concerned, to maintain possession of the estate in bankruptcy (the business) and to continue business operations.

A. class of creditors
B. debtor in possession
C. creditor's committee
D. U.S. trustee


Answer: B

Legal Studies & Paralegal

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Answer the following statement true (T) or false (F)

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What will be an ideal response?

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