Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

ACFE Exam CFE-Law Topic 3 Question 60 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 60
Topic #: 3
[All CFE-Law Questions]

Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor's estate in liquidation bankruptcy proceedings?

Show Suggested Answer Hide Answer
Suggested Answer: D

Contribute your Thoughts:

Alonso
8 days ago
Haha, imagine the creditor with the largest claim running the show? Talk about a recipe for disaster! Definitely gotta go with D on this one.
upvoted 0 times
...
Benedict
9 days ago
Hmm, I'm not sure. The debtor themselves supervised by an independent representative sounds like a potential conflict of interest. I'll go with D - an independent insolvency representative is the way to go.
upvoted 0 times
...
Patrick
14 days ago
D! The World Bank Principles clearly state that an independent insolvency representative should administer the debtor's estate in liquidation bankruptcy proceedings. This ensures impartiality and protects the interests of all stakeholders.
upvoted 0 times
Jaclyn
10 days ago
User 1
upvoted 0 times
...
...
Meaghan
15 days ago
I believe it should be D) An independent insolvency representative because they would ensure fairness and impartiality in the process.
upvoted 0 times
...
Gerald
1 months ago
I'm not sure, but I think C) The debtor, supervised by an independent insolvency representative, could also be a valid option.
upvoted 0 times
...
Florencia
1 months ago
I agree with Leota, an independent insolvency representative makes sense to administer the debtor's estate.
upvoted 0 times
...
Leota
2 months ago
I think the answer is D) An independent insolvency representative.
upvoted 0 times
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77