Although the courts usually permit bankrupt firms to continue in business, they protect creditors' interests by requiring:

A) that all disbursements be approved by the court.
B) that all checks be countersigned by a bankruptcy judge.
C) that a trustee oversees the company's operation while it is in bankruptcy.
D) All of the above

Bankruptcy Judge

A judicial officer who presides over court proceedings in bankruptcy cases, making decisions on matters within the bankruptcy law.

Disbursements

Payments made by a business, including operating expenses, dividend payments, and investments in assets.

Trustee

With respect to bonds, an organization that ensures compliance with the conditions set forth in the indenture. With respect to bankruptcy, a person who administers the bankrupt organization to ensure funds are properly handled.