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Q8 Single choice

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

A
The jurisdiction's commerce department or equivalent agency
B
An independent insolvency representative
C
The debtor, supervised by an independent insolvency representative
D
The creditor with the largest claim against the debtor

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