trustee in bankruptcy

(redirected from Bankruptcy trustee)
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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)

References in periodicals archive ?
As a result of the work done to protect the property interests of the Russian Federation, the Federal Property Management Agency succeeded in obtaining a court decision on the refusal of the bankruptcy trustee in meeting the stated requirements in full.
The Ninth Circuit held that a bankruptcy trustee had superior rights over a noncompliant consignor's rights in, and upheld the trustee's avoidance of the consignor's interest in, both consigned goods and their proceeds,
The bankruptcy trustee says the company doesn't have any cash.
In August, the bankruptcy trustee sued SunTrust to "avoid and recover" certain alleged transfers.
Worley & Obetz's collapse continues to echo Worley bankruptcy trustee seeks court approval to hire former company's CFO F&M Trust parent reports loss for Q2, cites Worley & Obetz S&T asks to repossess vehicles from Worley estate
The bankruptcy trustee "has an obligation to find all of her assets and liquidate those assets for creditors," Ford said.
Former executives from GT Advanced Technologies have agreed to settle a shareholder lawsuit for $27 million, and lost a crucial ruling in a separate suit filed by the bankruptcy trustee that might result in an even bigger payout.
9 April 2018 - A subsidiary of California, US-based BofI Federal Bank has acquired the bankruptcy trustee and fiduciary services business of Kansas, US-based legal services company Epiq, the company said.
Before that, she was a legal assistant at Milwaukee-based ONeil, Cannon, Hollman, DeJong & Laing and spent five years as an assistant to a Chapter 7 bankruptcy trustee for the U.S.
if he would interfere with the bankruptcy proceedings, as the bankruptcy trustee is the one in charge of addressing the current problems of this company.
She dismissed other FDIC allegations against PwC, as well as allegations of negligence that Colonial's bankruptcy trustee brought against the accounting firm.
The Bankruptcy Trustee appointed by Stockholm District Court has been informed and says it will support the appeal of the bankruptcy decision, which is thereby expected to be removed.