Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “trustee in bankruptcy”

trustee in bankruptcy

noun [C]
 
 
(also assignee in bankruptcy, also bankruptcy trustee) LAW
an expert chosen by a court to deal with the assets of a bankrupt person or business, pay their debts, and check on their actions, for example, that they are not hiding assets: When you went bankrupt, all your assets became the property of your trustee in bankruptcy.
→ Compare administrator, insolvency practitioner, receiver
(Definition of trustee in bankruptcy from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of trustee in bankruptcy?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “trustee in bankruptcy”

Word of the Day

first:

(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More