bankruptcy trustee

Definition of "bankruptcy trustee"
  1. An individual sanctioned by the court to supervise a bankruptcy case, with responsibilities pertaining to the debtor's nonexempt assets in Chapter 7 and to overseeing monthly payments going to creditors in Chapter 13
How to use "bankruptcy trustee" in a sentence
  1. After declaring bankruptcy, a bankruptcy trustee was assigned to handle the assets and payment distribution.
  2. The bankruptcy trustee approved the debtor's Chapter 13 plan of repayment.
  3. The bankruptcy trustee collected the nonexempt assets, sold them, and gave the proceeds to creditors.

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