trustee in bankruptcy


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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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SmartSales") from the trustee in bankruptcy of the estate of SmartSales.
NASDAQ SYMBOL:EIRE) has announced receipt of a cash payment from the Trustee in Bankruptcy for the Bennett Funding Group Inc.
Hirsch, trustee in bankruptcy for the company since last August, said the new management, headed by Tom Harding, president, will now assume full responsibility for the company's operations, reporting to a new board of directors which will be named shortly.