Bankruptcy Trustee
/ˈbæŋkrəptsi ˈtruːsti/
Definitions
- (n.) A person appointed by a bankruptcy court to manage and liquidate the debtor's estate for the benefit of creditors.
The bankruptcy trustee reviewed all assets to pay off outstanding debts.
Forms
- bankruptcy trustee
- bankruptcy trustees
Related terms
See also
Commentary
The bankruptcy trustee acts as a fiduciary, ensuring impartial administration of the debtor's estate according to bankruptcy law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.