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trustee in bankruptcy |
Also found in: Financial, Wikipedia | 0.03 sec. |
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trustee in bankruptcy n. a person appointed by a bankruptcy court to supervise the affairs of person or business which is in bankruptcy, determine both assets and debts, marshal (gather) and manage the assets if necessary, and report to the court. Most trustees in bankruptcy are full-time professionals and are paid from the estates of the debtors. (See: bankruptcy) |
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O&S Holdings has signed a non-contingency purchase agreement with Howard Ehrenberg, the bankruptcy trustee for Queen's Seaport Development Inc. To meet the needs of the area's farmers, CNH America, parent corporation of CNH Capital America and Case IH, then leased the former dealership's building and equipment from the bankruptcy trustee and hired Titan to run the business. In addition, the debtor must provide a copy of the return to the bankruptcy trustee at least seven days before the first meeting of creditors. |
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Bankruptcy trustee
