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Which of the Following Statements About a Chapter 7 Trustee

Question 64

Multiple Choice

Which of the following statements about a Chapter 7 trustee is false?


A) The trustee takes possession of the debtor's property and has it appraised.
B) The trustee may operate the debtor's business.
C) The trustee sells the bankrupt's exempt property as soon as possible,consistent with the best interest of the creditors.
D) The trustee is required to keep an accurate account of all the property and money he receives and to promptly deposit moneys into the estate's accounts.

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