Read the following excerpt from a US court opinion:
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the filing of a bankruptcy petition, the Bankruptcy Code provides for an automatic stay of “any act to obtain possession of property of the estate or of property from the estate or to exercise control over property of the estate.” 11 U.S.C. § 362(a)(3). The “automatic stay pertains only to actions involving the debt- or or property of the estate.” In re Priestley, 93 B.R. 253, 261 (Bankr.D.N.M.1988). In turn, the Bankruptcy Code defines “property of the estate” as “all legal or equitable interests of the debtor in property as of the commencement of the case.” 11 U.S.C. § 541(a)(1). A directors and officers liability insurance policy is considered “property of the estate” if it increases the debtor’s worth or diminish its liabilities. In re Zenith Labs., 104 B.R. 659, 665 (D.N.J.1989) ; In re Minoco Group of Cos., Ltd., 799 F.2d
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What is the most suitable continuation to the opinion? Your options are:
A. holding that the debtor could retain exempt property because it was not property of the estate
B. holding directors and officers liability policy was property of the estate because the estate was worth more with indemnification coverage than without the coverage
C. holding that the proceeds of a liability insurance policy were not property of the estate
D. holding directors and officers liability policy was not property of the estate because it did not increase or decrease the worth of the bankruptcy estate
E. holding that where the policy names only the directors or officers as insured the proceeds are not property of the estate
Reply with [A, B, C, D, E] only.