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trustee in bankruptcy
(redirected from trustees in bankruptcy)

   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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But as he presented Lot 33, auctioneer Mansel Edmunds said they had been instructed that the trustees in bankruptcy had 'full clean title' to the property and had a right to sell it He said: 'We are not hiding anything.
His application was rejected on a technicality because of an error in the letter from his trustees in bankruptcy giving him authority to pursue the action.
The Superintendent's Directives are primarily to guide the trustees in bankruptcy in administering bankruptcies.
 
 
 
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