In Chapter 11 bankruptcy proceedings, a _________is allowed, for the benefit of all concerned, to maintain possession of the estate in bankruptcy (the business) and to continue business operations.

A) class of creditors
B) debtor in possession
C) creditor's committee
D) U.S. trustee

Chapter 11 Bankruptcy

A section of the United States Bankruptcy Code providing for reorganization, typically involving a corporation or partnership, under which a debtor proposes a plan to keep its business alive and pay creditors over time.

Debtor In Possession

A status in bankruptcy proceedings where the debtor maintains control of their property and business operations under court supervision.