Which of the Following Is False Regarding Rights of a Trustee

question 15

Multiple Choice

Which of the following is false regarding rights of a trustee in a Chapter 7 bankruptcy?

• A) The trustee takes possession of the debtor's property and has it appraised.
• B) If someone else holds the debtor's property, the trustee has the power to require the person to return that properly.
• C) The trustee examines the debtor's records but may not even temporarily take over the debtor's business.
• D) The trustee can initiate collection actions but must also defend against creditor actions.
• E) The trustee separates the exempt property from the nonexempt property and sells the nonexempt property.

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Definitions:

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