Home > Glossary > Bankruptcy Trustee

Meaning / Definition of

Bankruptcy Trustee

Categories: Credit and Debt, Legal, ,

A person appointed by the court to oversee a bankruptcy case. In a chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, sell it, and distribute the proceeds to creditors. In a chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them to creditors. Businesses can file for chapter 11 bankruptcy.

Featured term of the day

Definition / Meaning of

Corridor Self-insured Retention

Categories: Insurance,

removed

Most popular terms

1. Sovereign Wealth Funds
2. Retaliation Claims
3. Roth 401(k)
4. Risk Manager
5. Section 8 Declaration Of Excusable Nonuse
6. Convertible Hedge
7. 529 College Savings Plan
8. CollegeSure CD
9. Use-based Application
10. Preference Shares

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital