Bankruptcy Trustee definition:
An officer generally appointed by the court, who takes over the assets of a bankrupt to the benefit of creditors.
Also known as trustee in bankruptcy.
Bankruptcy Trustee
(n) Bank Ruptcy Trust is the person or authority who has been appointed by the court to deal with the assets of the person declared as bankrupt to safeguard the interests of the creditors.
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bankruptcy trustee - A person appointed by the court to supervise a bankruptcy case.
A Bankruptcy Trustee (in most cases this is the Official Receiver) is appointed to deal with all matters regarding the administration of the bankrupt estate.
Assume 1) To take over another person's rights and/or obligations. For example, one person might assume another's car lease, residential lease, or debt. 2) In bankruptcy, for the bankruptcy trustee to take over an unexpired lease or executory ...
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy.
You must attend.
The trustee reviews your bankruptcy papers and asks a few questions.
an item of value which does not show on the books of a business, often excluded for some improper purpose such as escaping taxation or hiding it from a bankruptcy trustee.
Definition
: the estate of a debtor in bankruptcy that includes all the debtor's legal and equitable interests in property as set out in the bankruptcy laws
see also bankruptcy trustee in bankruptcy
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Hidden Trust: An item of value which does not show on the books of a business, often excluded for some improper purpose such as escaping taxation or hiding it from a bankruptcy trustee.
 See also: Trustee, Trust, Bankruptcy, Law, Bankrupt
  
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