Author Question: The ________ is typically an officer or director of the business and has all the powers of the ... (Read 44 times)

karen · **on:** Aug 3, 2018

The ________ is typically an officer or director of the business and has all the powers of the trustee.

A) Debtor in control
B) Trustee general
C) Debtor in possession
D) Trustee in possession

Question 2

If the debtor qualifies as a ________, the Chapter 11 process is streamlined, and certain formalities are not observed so the case can be fast tracked through the bankruptcy court process.

A) Nonprofit business
B) Small business
C) Tightly held corporation
D) Sole proprietorship