The Primary Objective of the Trustee Is

question 81

Multiple Choice

The primary objective of the trustee is:

• A) to deplete the debtor's estate
• B) to protect general creditors first
• C) to ensure that the debtor's exempt property is liquidated
• D) to maximize the amount of the debtor's assets available for distribution to creditors
• E) to maximize the amount of the debtor's assets that the trustee is paid

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Definitions:

Random

lacking any predictable order or plan, occurring by chance.

Metamorphosis

A profound change in form from one stage to the next in the life history of an organism, as from caterpillar to butterfly.

Larva

The immature, wingless, and often worm-like stage in the life cycle of insects, before they transform into adults.

Pupa

A transitional stage of a developing insect, after larva and before adulthood, during which it undergoes transformation.