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)