What is the role of the trustee in bankruptcy?
A) To manage a business when a secured debt remains unpaid.
B) To sell charged property on default by a debtor.
C) To sell a person's assets to repay their debts.
D) To manage property on behalf of the beneficiaries to a deed of bankruptcy.
Correct Answer:
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Q10: Which of the following documents need not
Q11: A 'bankruptcy notice' is:
A)an order of the
Q12: Bankruptcy proceedings are heard by:
A)the District Court.
B)the
Q13: On being made bankrupt, all the bankrupt
Q14: Which of the following categories of persons
Q16: The idea that a bankruptcy is deemed
Q17: The process in which a trustee is
Q18: What is the main objective of a
Q19: A person who is unable to pay
Q20: Which of the following is not a
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