Question

Which of the following statements is FALSE about the role of a bankruptcy trustee?

Group of answer choices

The trustee provides credit counseling to consumer debtors to make sure that they never have to file for bankruptcy protection again.

The trustee may employ other professionals to assist in managing the bankruptcy estate.

The trustee may obtain credit for a business that is continuing to operate during the bankruptcy proceedings.

The trustee has the power to cancel a lease that the debtor entered into.

In a liquidation bankruptcy, the trustee must sell the property of the bankruptcy estate.

Answer 1

Answer:

The trustee provides credit counseling to consumer debtors to make sure that they never have to file for bankruptcy protection again.

Explanation:

Bankruptcy Trustee is authorized to employ other professionals to assist in managing the bankruptcy estate, operate the Debtor's business, obtain unsecured credit in ordinary course of business, has power to cancel a lease that the debtor entered into and in liquidation bankruptcy, the trustee may sell the property of the bankruptcy estate.