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In a Chapter 11 Business Reorganization Form of Bankruptcy, Appointment

Question 19

Multiple Choice

In a Chapter 11 business reorganization form of bankruptcy, appointment by the bankruptcy court of a bankruptcy trustee ________.


A) is mandatory
B) is determined by the creditor committee
C) may be ordered upon a showing of fraud, dishonesty, incompetence, or gross mismanagement by the business' current management
D) is not permitted by the Bankruptcy Code

Correct Answer:

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