Which of the Following Is Not a Duty of a Trustee

question 27

Multiple Choice

Which of the following is not a duty of a trustee in a chapter 7 liquidation?

• A)​File proofs of claim with the bankruptcy court.
• B)​Investigate the financial affairs of the debtor.
• C)​Make payments to creditors as promptly as practicable with regard for priorities.
• D)​File reports of progress.

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Definitions:

New Beetle

A compact car model introduced by Volkswagen in 1997, serving as the modern interpretation of the original Volkswagen Beetle.

European Monetary Union

A coalition of European countries that have adopted a standardized legal tender, the euro, and have a unified monetary policy managed by the European Central Bank.

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Pertains to activities or production occurring within a country's borders, as opposed to internationally.

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Items or services imported from one nation to another for the purpose of selling.