Natural Resources, Inc. (NRI), files for bankruptcy under Chapter 11 and assumes the role of a debtor in possession. In this role, NRI is simi­lar to
A. a creditor at a Chapter 7 creditors’ meeting.
B. a family farmer after a discharge under Chapter 12.
C. a secured creditor in possession of collateral under Chapter 13.
D. a trustee in a liquidation proceeding under Chapter 7.
Answer:D
Natural Resources, Inc. (NRI), files for bankruptcy under Chapter 11 and assumes the role of a debtor in possession. In this role, NRI is simi­lar to
A. a creditor at a Chapter 7 creditors’ meeting. B. a family farmer after a discharge under Chapter 12. C. a secured creditor in possession of collateral under Chapter 13. D. a trustee in a liquidation proceeding under Chapter 7.