| 词汇 | bankruptcy trustee |
| 释义 | `1`bankruptcy trustee `2` "Nolo Everybody's Legal Dictionary": A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors. See Topic: Debt & Bankruptcy |
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