trustee in bankruptcy

trustee in bankruptcy definition - business

trustee in bankruptcy

A court-appointed agent charged with the administration, liquidation, and distribution of the assets of a bankrupt company or individual. The trustee acts on behalf of interested parties, primarily creditors.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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