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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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