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trustee in bankruptcy
(redirected from Bankruptcy Trustees)

    Also found in: Legal, Financial, Wikipedia 0.01 sec.
trustee in bankruptcy
n
(Economics, Accounting & Finance / Banking & Finance) a person entrusted with the administration of a bankrupt's affairs and with realizing his assets for the benefit of the creditors
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Bankruptcy trustees come into play if a state court receivership moves into the federal court system because a defendant files for bankruptcy protection.
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The problem for our bankruptcy trustees is putting that money to work.
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This would help address the current situation state agency officials described, in which significant numbers of the notices they receive from bankruptcy trustees included only partial SSNs of the named person, imposing additional work on staff to make a positive identification in their databases.
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