Question

Which of the following is true 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 property.

C. The trustee may temporarily take over the debtor's business.

D. The trustee takes possession of the debtor's property and has it appraised; if someone else holds the debtor's property, the trustee has the power to require the person to return that property; and the trustee may temporarily take over the debtor's business.

E. The trustee takes possession of the debtor's property and has it appraised; and if someone else holds the debtor's property, the trustee has the power to require the person to return that property; but the trustee may not take over the debtor's business even temporarily.

Answer

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