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English definition of “assignee in bankruptcy”

assignee in bankruptcy

noun [C]     (plural assignees in bankruptcy) (also trustee in bankruptcy)
LAW a court official who is responsible for dealing with a bankrupt person’s assets and paying their debts as well as checking on their actions during the period they are bankrupt : The official assignee in bankruptcy will now deal with Mr Holden's creditors , who are owed more than 10 million euros .
(Definition of assignee in bankruptcy noun from the Cambridge Business English Dictionary © Cambridge University Press)
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