Series 79: Exercise

Taken from our Series 79 Online Guide

Exercise

Match the bankruptcy participant with its role in the bankruptcy process. Some participants are a correct answer for more than one item.

A. DIP

B. Investment bank

C. Bankruptcy trustee

D. Bankruptcy court

E. UCC

F. U.S. Trustee

1. _____Acts as its own trustee

2. _____Makes a recommendation to impaired creditors regarding whether to vote for the reorganization plan

3. _____Oversees the liquidation of assets in Chapter 7

4. _____Approves or denies a request for cause to appoint a bankruptcy trustee

5. _____Appoints the bankruptcy trustee

6. _____Secures DIP financing

7. _____Receives the bankruptcy petition

8. _____Appoints the UCC

9. _____Renegotiates the terms of existing debt

10. _____Represents

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