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Generally, the First Thing That a Bankruptcy Trustee Will Do

Question 68

Multiple Choice

Generally, the first thing that a bankruptcy trustee will do for a business is __________.


A) ensure a fair distribution of assets to creditors
B) have the assets of the business appraised for their liquidation value
C) protect debtors from unfair demands by creditors
D) develop a proposal for settlement of the outstanding debts and present it to creditors
E) None of the answers apply.

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