☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Trustee (Bankruptcy)

The person appointed to administer the bankruptcy estate — in Chapter 7, the trustee liquidates assets; in Chapter 11, a trustee may be appointed if fraud or mismanagement is shown.

Category: Bankruptcy · Source: 11 U.S.C. §§701, 1104
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