Which of the following statements about hiring accounting or fraud professionals in bankruptcy proceedings is INCORRECT?
A) If the trustee wants to employ attorneys, accountants, or other professionals to represent or assist the trustee, the trustee has to get the court's approval.
B) All the professionals must be employed under Code section 327.
C) The retention of a fraud examiner or investigator in a bankruptcy proceeding is up to the discretion of the trustee.
D) A creditor may engage the services of a professional to investigate allegations of bankruptcy fraud independently from the court. In this case, the creditor usually compensates the professional directly.
Correct Answer:
Verified
Q18: What is generally indicated in a divorce
Q19: When fraud examiners investigate a bankruptcy or
Q20: The Office of the U.S. Trustee is
Q21: Which of the following may indicate concealment
Q22: Bankruptcy fraud makes it a crime to
Q24: Which of the following options is true
Q25: Karl Mathers set up a new company
Q26: Which is NOT something that a fraud
Q27: Which of the following is NOT an
Q28: Which of the following is NOT a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents