Bankruptcy Trustee, Glossary and Terms, Attorney's office, Personal Lawyer
Attorney's office, Law US, Rate, Review, Condition, Defense, Assurance
"Bankruptcy Trustee" - Attorney Glossary Terms and Abbreviations
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.