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 ?
GPAs may find themselves asked to serve as examiners or trustees in bankruptcy cases, or to serve on creditors' committees, a situation in which they will be called upon to investigate a corporate debtor's financial affairs.
The Superintendent's Directives are primarily to guide the trustees in bankruptcy in administering bankruptcies.