Shale Oil, Inc., files a petition in bankruptcy for relief through a reorganization and assumes the role of a debtor in possession. In this role, Shale Oil is simi?lar to
A) a creditor at a creditors' meeting.
B) an individual debtor who is denied a discharge under the means test.
C) a secured creditor in possession of collateral.
D) a trustee in a liquidation.
Correct Answer:
Verified
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