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Meaning of “trustee in bankruptcy” in the English Dictionary

"trustee in bankruptcy" in Business English

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trustee in bankruptcynoun [C]

uk   us   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.
(Definition of trustee in bankruptcy from the Cambridge Business English Dictionary © Cambridge University Press)
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