trustee in bankruptcy

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trustee in bankruptcy

n
(Banking & Finance) a person entrusted with the administration of a bankrupt's affairs and with realizing his or her assets for the benefit of the creditors
References in periodicals archive ?
He has applied forensic accounting techniques in bankruptcy matters, where he has represented bankruptcy trustees, creditors' committees and debtors in assignments such as solvency and preference analysis, and investigations for fraudulent transfers.
In their opinion, bankruptcy trustees need to gain greater practical experience in reorganizing firms which would hopefully keep firms form closing down and laying off their employees.
He is also a former past president of the National Association of Bankruptcy Trustees.
The use of the title Bankruptcy Trustee made it hard for consumers to understand that only licensed Bankruptcy Trustees could file a consumer proposal.
Summary: Bankruptcy trustees and chapter 11 debtors in possession who are lessors under real property leases have the right under section 365 of the Bankruptcy .
After Pillowtex, most bankruptcy trustees in Delaware generally assumed that any bankruptcy judge in Delaware would apply the "subsequent advance" approach, notwithstanding the New York City Shoes "remains unpaid" language.
Future bankruptcy trustees will have shorter terms to complete bankruptcy proceedings if the proposals and modifications put forward by the Bankruptcy Committee of the Government are accepted.
The struggles of a Worcestershire woman to keep the value of the family home awarded to her in a divorce settlement from the clutches of her ex's bankruptcy trustees highlights the need for clarification of the insolvency laws, claims a Midlands lawyer.
The high court ruled in favour of bankruptcy trustees which could lead to a divorced wife having to give back her husband's share of the house which she was granted in a 2003 settlement after her former partner filed for bankruptcy in 2005.
In the majority of cases, however, courts have sided with bankruptcy trustees, thereby wringing at least a few drops of lemonade from the lemons that generally characterize bankruptcies.
Bankruptcy trustees and Chapter 11 debtors in possession of their indebted property would have to pay tax obligations in the course of the debtor's business.
The court's decision also stipulates there are instances when bankruptcy trustees cannot reclaim finds, regardless of when checks were delivered or cleared the bank.