Which of the Following Is Not a Responsibility of the Bankruptcy

question 51

Multiple Choice

Which of the following is not a responsibility of the bankruptcy trustee?

• A) Recover all property belonging to the insolvent company.
• B) Liquidate common stock of the company.
• C) Preserve the estate from any further deterioration.
• D) Make distributions to the proper claimants.
• E) Void preferences made by the debtor within 90 days prior to the filing of the bankruptcy petition if the company was already insolvent.

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Definitions:

School Segregation

The separation of students into different schools or classrooms based on race or ethnicity, a practice declared unconstitutional in the United States in 1954.

Linda Brown

A key figure in the landmark Supreme Court case Brown v. Board of Education, which challenged racial segregation in American public schools.

Railroad Tracks

The parallel steel rails laid on ties and ballast, on which trains run to transport people and goods.

Jacobo Arbenz Guzmán

The 25th President of Guatemala who is remembered for his progressive land reforms and was ousted in a coup orchestrated by the United States CIA in 1954.