Bankruptcy trustee
The person responsible for administering a bankrupt person’s estate, realising assets where appropriate and distributing available funds to creditors.
Related terms
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Trustee in bankruptcy
The person who administers a bankruptcy estate, deals with assets and claims, and distributes available funds to creditors according to law.
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Bankruptcy estate
The pool of assets and rights that pass to or are controlled by the trustee for the purposes of administering a bankruptcy.
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Trustee negotiations
Negotiations with a bankruptcy trustee about matters such as asset values, beneficial interests, settlements or payments into the estate.
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