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Trustee In Bankruptcy

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Trustee in bankruptcy
An appointed trustee who supervises and administers the affairs of a bankrupt company or individual.
Trustee In Bankruptcy
A court- or government-appointed person who manages assets in bankruptcy. In the United States, trustees in bankruptcy have different duties depending on the type of bankruptcy filed. In Chapter 7 bankruptcy, the trustee liquidates all non-exempt assets and distributes the proceeds to creditors according to bankruptcy law and the court's directions. In Chapter 13 bankruptcy, the trustee reviews the debtor's plans and collects and distributes payments to creditors. In Canada, trustees in bankruptcy hold assets in trust and distribute them to creditors according to the dictates of the Bankruptcy and Insolvency Act.
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They are responsible for acting as your trustee in bankruptcy and are required to oversee the liquidation of your assets and the fair distribution of them to your creditors.
Guide to Bankruptcy by Jensen Carlyle / Finance and Investment community
You each are under an obligation to comply with the terms of the deed and so, for example, if one of you were to die or be judged bankrupt, the executor or trustee in bankruptcy would need to comply with the terms of the deed.
The issues of co-ownership; There are important issues to be ... by The Journal (Newcastle, England)
In September 2007 the Trustee in Bankruptcy, acting on behalf of the tenants, gave the Council notice that they would leave the farm in September 2008.
Rat poison kills eviction farmer; SUSPECTED SUICIDE: 'Noxious ... by Coventry Evening Telegraph (England)
 
 
 
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