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单词 trustee in bankruptcy
释义

trustee in bankruptcy

noun Law
A person taking administrative responsibility for the financial affairs of a bankrupt and the distribution of assets to creditors.On bankruptcy, the assets of the bankrupt vest in his trustee in bankruptcy whose duty is to realize these so far as possible to meet his debts....
  • Have you received the consent of the trustee in bankruptcy of your bankrupt estate to bring this application?
  • This is an involuntary effect of the law relating to bankruptcy which transfers the bankrupt's interest to his trustee in bankruptcy when a bankruptcy order is made.
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更新时间:2024/12/23 20:27:02