United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
Chapter 11 trustee — USA An official representative of a Chapter 11 debtor s estate appointed by the court for the benefit of creditors to investigate the debtor s financial affairs and run its business. Appointment of a Chapter 11 trustee is an extraordinary remedy… … Law dictionary
Chapter 7 trustee — a person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate and the unsecured creditors (Glossary of Common Bankruptcy Terms) A person appointed in a chapter 7 case to represent the interests of the bankruptcy… … Glossary of Bankruptcy
trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their … Glossary of Bankruptcy
Chapter 7, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
trustee in bankruptcy — trustee in bankruptcy: an officer of the court in whom ownership of a debtor s property is vested for the benefit of the creditors and who administers the property for the purpose of making payments to the creditors according to the priority of… … Law dictionary
Chapter 7 — liquidation proceedings; generally assets are sold by a trustee and the company ceases operation. Individuals may file Chapter 7 also (Glossary of Common Bankruptcy Terms) A liquidation proceeding available to individuals, married couples,… … Glossary of Bankruptcy
Chapter 11 — chap·ter 11 n: chapter 11 of the U.S. Bankruptcy Code see also bankruptcy code in the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Chapter 7 case trustee — USA Always appointed in Chapter 7 cases as the sole official representative of a Chapter 7 debtor s estate. Case trustees are charged with collecting and liquidating the debtor s non exempt assets, distributing the proceeds to creditors,… … Law dictionary
Chapter 11 — reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms) A reorganization proceeding in which the debtor may … Glossary of Bankruptcy
Chapter 13 plan — A document the debtor must file in a Chapter 13 bankruptcy, showing the debtor s proposal for repaying debts. Typically, a Chapter 13 plan requires the debtor to make set payments once or twice a month, which the bankruptcy trustee uses to pay… … Law dictionary
