Bankruptcy Trustee

Beneficial Ownership

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.

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