trustee in bankruptcy
71United States trustee — See bankruptcy proceedings (bankruptcy trustee) …
72Chapter 11 trustee — USA An official representative of a Chapter 11 debtor s estate appointed by the court for the benefit of creditors to investigate the debtor s financial affairs and run its business. Appointment of a Chapter 11 trustee is an extraordinary remedy… …
73Wage Earner Plan (Chapter 13 Bankruptcy) — Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part of their debts for a period of three to five years. The repayment period depends on the debtor s monthly income as compared …
74Chapter 7 case trustee — USA Always appointed in Chapter 7 cases as the sole official representative of a Chapter 7 debtor s estate. Case trustees are charged with collecting and liquidating the debtor s non exempt assets, distributing the proceeds to creditors,… …
75Accountant in Bankruptcy — in Scotland, an official who may become interim or permanent trustee and who will do so in many small assets cases. Collins dictionary of law. W. J. Stewart. 2001 …
76party in interest — a party who has standing to be heard by the court in a matter to be decided in the bankruptcy case. The debtor, the U.S. trustee or bankruptcy administrator, the case trustee and creditors are parties in interest for most matters (Glossary of… …
77exemptions — this refers to assets or properties owned by the debtor that cannot be recovered by creditors (Glossary of Common Bankruptcy Terms) Property that may be kept by an individual debtor that is not used for distribution to creditors and is free from… …
78retainer — Under the Bankruptcy and insolvency Act it is common for the Trustee in Bankruptcy to ask for a retainer before he accepts an appointment. There is also a special type of retainer called a Third Party Retainer, whereby funds are put up that… …
79first meeting of creditors — a mandatory meeting between creditors and the debtor. It is usually held within a month of the filing of bankruptcy but often occurs later when the debtor has filed its schedules of financial information (Glossary of Common Bankruptcy Terms) The… …
80agent — A person who has received, usually by appointment, the power to act on behalf of another. (Dictionary of Canadian Bankruptcy Terms) Section 427 of the Bank Act A person, usually a Trustee in Bankruptcy, appointed by a bank to realize on its… …
