Question: In a liquidation under Chapter 7, the trustee 47) ________ Question 12 options: 1) is responsible for converting assets to cash and distributing payments to

In a liquidation under Chapter 7, the trustee 47) ________

Question 12 options:

1)

is responsible for converting assets to cash and distributing payments to claimants.

2)

may not be appointed, but may only be elected.

3)

may not be elected, but may only be appointed.

4)

is responsible for appointing a creditors' committee.

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