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Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which...

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Under the World Bank Principles for Effective Insolvency and Credit/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.

The creditor with the largest claim against the debtor

C.

The debtor, supervised by an independent insolvency representative

D.

An independent insolvency representative

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