Question

Natural Resources, Inc. (NRI), files for bankruptcy under Chapter 11 and assumes the role of a debtor in possession. In this role, NRI is similar to
a. a creditor at a Chapter 7 creditors' meeting.
b. a family farmer after a discharge under Chapter 12.
c. a secured creditor in possession of collateral under Chapter 13.
d. a trustee in a liquidation proceeding under Chapter 7.

Answer

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