assignee in bankruptcy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “assignee in bankruptcy” in the English Dictionary

"assignee in bankruptcy" in Business English

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assignee in bankruptcynoun [C]

uk   us   (plural assignees in bankruptcy) (also trustee in bankruptcy)
LAW a ​courtofficial 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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