trustee in bankruptcy

  • 1trustee in bankruptcy — An individual or corporation licensed by the Superintendent of Bankruptcy pursuant to the Bankruptcy and insolvency Act (Ontario Bankruptcy Dictionary) United Glossary of Bankruptcy Terms 2012 …

    Glossary of Bankruptcy

  • 2trustee in bankruptcy — trustee in bankruptcy: an officer of the court in whom ownership of a debtor s property is vested for the benefit of the creditors and who administers the property for the purpose of making payments to the creditors according to the priority of… …

    Law dictionary

  • 3trustee in bankruptcy — An appointed trustee who supervises and administers the affairs of a bankrupt company or individual. Bloomberg Financial Dictionary * * * trustee in bankruptcy trustee in bankruptcy ➔ bankruptcy * * * trustee in bankruptcy UK US noun [C] (also… …

    Financial and business terms

  • 4Trustee in bankruptcy — A Trustee in Bankruptcy, in the United States, is a person who is appointed by the United States Department of Justice or by the creditors involved in a bankruptcy case.In a Chapter 7 Bankruptcy the trustee gathers the debtor’s non exempt… …

    Wikipedia

  • 5trustee in bankruptcy — One to whom the administration of a bankrupt estate is delegated and confided. 9 Am J2d Bankr § 621. The Bankruptcy Act specifies either one or three trustees for a bankrupt estate, and there is nothing in the Bankruptcy Act or the General Orders …

    Ballentine's law dictionary

  • 6trustee in bankruptcy — A person who administers a bankrupt s estate and realizes it for the benefit of the creditors. See feature BANKRUPTCY LAW on p. 48 …

    Accounting dictionary

  • 7trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their …

    Glossary of Bankruptcy

  • 8trustee in bankruptcy — Law. a person appointed by a court to administer the property of a bankrupt. * * * …

    Universalium

  • 9trustee in bankruptcy — person that was appointed by a court to liquidate a bankrupt business …

    English contemporary dictionary

  • 10trustee in bankruptcy — noun Law a person taking administrative responsibility for the financial affairs of a bankrupt …

    English new terms dictionary