A ____ is a person appointed by the bankruptcy court to administer the debtor's estate in the interests of both the debtor and the creditors. He or she collects and reduces to cash the estate in property and closes up the estate as speedily as is compatible with the best interests of the parties.

A. bankruptcy judge
B. U.S. trustee
C. bankruptcy trustee
D. U.S. attorney


Answer: C

Legal Studies & Paralegal

You might also like to view...

What is a self-serving answer?

What will be an ideal response?

Legal Studies & Paralegal

Define measurement and give both a physical and a psychological example of a measure.

What will be an ideal response?

Legal Studies & Paralegal

Thank you notes should always be typed on bond paper

A. True B. False

Legal Studies & Paralegal

Which of the following is a difference between a novation and assignment?

A. Novation has new terms, whereas assignment does not. B. Novation must be agreed to, whereas assignment must not. C. All of the above are differences between a novation and assignment. D. None of the above are differences between a novation and assignment.

Legal Studies & Paralegal