In Chapter 11 bankruptcy proceedings, a _________is allowed, for the benefit of all concerned, to maintain possession of the estate in bankruptcy (the business) and to continue business operations.

Question

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In Chapter 11 bankruptcy proceedings, the debtor in possession is allowed to keep control of the business and its operations. This arrangement is made under the assumption that the debtor's management can run the company more efficiently during the bankruptcy process, benefiting all parties involved.

In Chapter 11 Bankruptcy Proceedings, a _________Is Allowed, for the Benefit