Can Property That Was Not Formally Owned by the Bankrupt

question 18

Multiple Choice

Can property that was not formally owned by the bankrupt be recovered if it is held by an associated entity of the bankrupt?

• A)Yes,if the trustee can prove that the bankrupt derived some benefit from the property.
• B)Yes,if the trustee can prove that the entity was insolvent at the time the property was transferred.
• C)No.
• D)No,unless the trustee from the director of the associated entity provides a sworn statement that the property really belonged to the bankrupt.

---

Definitions:

Humanistic View

An approach that emphasizes the individual's inherent worth, potential for personal growth, and importance of human values.

Human Relations

The study and management of how individuals interact and communicate within a group.

Absolute Statements

Declarations or claims that are presented as completely final or true, without room for exceptions or flexibility.

Rudimentary Skills

are basic skills or abilities that form the foundation for more complex skills, often referring to simple, fundamental tasks or knowledge.