In which chapter of bankruptcy does a trustee analyze assets to determine what can be sold?

In a Chapter 7 bankruptcy, a trustee is appointed to oversee the case and has the responsibility of analyzing the debtor's assets. The trustee evaluates the assets to identify what can be liquidated or sold to pay off creditors. This process is a key feature of Chapter 7, which is often referred to as "liquidation bankruptcy." The aim is to maximize the return to creditors by selling non-exempt assets.

In contrast, Chapter 11 involves reorganization and allows businesses to continue operations while restructuring their debts, rather than focusing on liquidation. Chapter 13 is designed for individuals with regular income to develop a repayment plan while keeping their assets. Chapter 9 deals with municipal bankruptcy, allowing cities to reorganize debts while maintaining essential services. Thus, the process described in the question aligns specifically with the Chapter 7 framework, making it the correct answer.