trustee in bankruptcy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

intellectualize

to think about or discuss a subject in a detailed and intellectual way, without involving your emotions or feelings

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More