trustee in bankruptcy
101fraudulent conveyance — the transfer of valuable assets from a company which i) occurs when the company is technically insolvent, ii) renders the company insolvent, or iii) is made for less than adequate consideration. The spate of leveraged buyouts and other highly… …
102fraudulent transfer — A transfer of a debtor s property made with intent to defraud or for which the debtor receives less than the transferred property s value (SA Bankruptcy.com) also:{{}}fraudulent conveyance A fraudulent transfer is a transfer of an asset for less… …
103fee application — In order for attorneys and other court appointed professionals in bankruptcy cases to receive compensation, they must file an application or motion with the bankruptcy court detailing their activities and the amount of time spent. The court… …
104final statement of receipts and disbursements — This document, prepared by the trustee, must contain a complete account of all moneys received by the trustee out of the property of the bankrupt or otherwise, the amount of interest received by the trustee, all moneys disbursed and expenses… …
105Section 341 meeting — 341 meeting or Section 341 meeting A meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs. (California Bankruptcy Dictionary) (see first… …
106exclusivity period — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (see… …
107credit counseling agency — Agency approved by the office of United States Trustee to offer credit counseling to potential debtors. A certificate from an approved credit counseling agency certifying course completion is required to file individual bankruptcy. (Bernstein s… …
108distribution — Payments in a bankruptcy case, generally made after confirmation of a plan in a Chapter 11 filing or approval of the trustee s accounting in a Chapter 7 filing. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy… …
109341 meeting — or Section 341 meeting A meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs. (California Bankruptcy Dictionary) (see first meeting of… …
110consumer privacy ombudsman — A person appointed by the court to protect the privacy of a consumer debtor in the event the trustee sells or leases the debtor s property, if it contains personal information on consumers. (Bernstein s Dictionary of Bankruptcy Terminology)… …
