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D is corrent. The requirement is to identify the rights or powers of a trustee in bankruptcy. Under the federal Bankruptcy Code, a trustee in bankruptcy may set aside statutory liens that become effective when the bankruptcy petition is filed but may not set aside those that were effective before the bankruptcy petition was filed. Therefore, this answer is correct.
A is incorrect because the trustee in bankruptcy may set aside security interests that are not perfected before the filing of the bankruptcy petition.
B is incorrect because the trustee has the right to use any legal grounds available to the debtor to obtain the debtor’s property to pay off the creditors.
C is incorrect because the trustee has the duty to obtain and liquidate the debtor’s property to pay the creditors.