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