Notifications
Clear all
Topic starter
Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer's financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?
- A . The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.
B. The administrator has no power to obtain the information under any circumstances
C. The administrator may compel Ellis to provide the information despite Ellis's relationship to the business
D. The administrator may not obtain the information unless the business agrees in writing
Suggested Answer: C
Posted : 31/01/2023 5:20 am