A Trustee Is Named in a Chapter 13 by the Creditors

question 57

True/False

A trustee is named in a Chapter 13 by the creditors at the meeting of creditors.

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Definitions:

Assigned Rights

Assigned rights involve the transfer of rights or duties under a contract from one party to another, not transferring the entire contract but specific benefits.

Contractual Obligations

Duties that are legally required to be fulfilled under the terms of a contract.

Assignment Protocol

Assignment Protocol is a set of rules or procedures designated for assigning tasks, responsibilities, or resources in an organized manner.

Delegation

The act of assigning responsibility or authority from one person to another, often seen in management or organizational contexts.