The powers of a debtor in possession are balanced by:

Question

Quizplus · Accepted Answer

The term "debtor in possession" is specific to bankruptcy proceedings, particularly in the context of Chapter 11 reorganizations in the United States. A debtor in possession (DIP) retains control of assets and operates the business under the oversight of the court. The options provided (A, B, C, D) do not accurately reflect entities or committees that balance the powers of a debtor in possession. The correct oversight and balancing mechanisms involve the bankruptcy court, U.S. Trustee, creditors' committees, and specific statutory requirements, none of which are listed as choices. Therefore, the correct answer is E, as the provided options do not accurately represent the entities that balance a debtor in possession's powers.

The Powers of a Debtor in Possession Are Balanced By