ACFE Exam CFE-Law Topic 3 Question 60 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 60
Topic #: 3

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?

AThe jurisdiction's commerce department or equivalent agency

BThe creditor with the largest claim against the debtor

CThe debtor, supervised by an independent insolvency representative

DAn independent insolvency representative

Show Suggested Answer

Suggested Answer: D

by Ora at May 01, 2025, 04:34 PM

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