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