Bankruptcy trustees evaluate and make recommendations about various debtor and creditor demands in accordance with the U.S. Bankruptcy Code but a bankruptcy judge has the ultimate authority on the distribution of assets to settle debts. A bankruptcy trustee works with thebankruptcy courtto take any a...
property that is in a trust for someone elsethe trustees of the pension fund→ active trustee→ bare trustee→ constructive trustee2a member of a group that controls the money of a company, college, or other organizationIt is being operated by a trustee appointed by the federal Bankruptcy ...
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
Bankruptcy Trustee – Meaning, Responsibilities, and More A bankruptcy trustee is the second most important person after the debtor in the bankruptcy. This trustee manages the debtor’s property and is also… Read Article Last Updated on: May 26, 2022 ...
Bankruptcy trustee manages the debtor’s property and is also responsible for distributing the proceeds of the property to the debt holders.
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
trustee in bankruptcy trustee investment Trustee process Trustee Savings Bank Trustee stock trustee-beneficiary relation trusteeship Trusteeship Council truster trustful trustfully trustfulness trustily trustiness trusting trustingly trustingness trustless
In Bankruptcy cases a court may appoint a trustee to manage the funds of the insolvent party. Trustees who are appointed by bankruptcy courts are paid for their services from public funds. Trustees who manage trusts for private parties also are paid for their services, but their compensation com...
Bankruptcy Discharge Once you have completed the bankruptcy process, your debt will be discharged, meaning that you are no longer legally responsible for the debt and your creditors cannot take any action against you. However, not all debt is eligible for discharge, and some debts, such as fine...
Bankruptcy Discharge Once you have completed the bankruptcy process, your debt will be discharged, meaning that you are no longer legally responsible for the debt and your creditors cannot take any action against you. However, not all debt is eligible for discharge, and some debts, such as fine...