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Finance Dictionary and Glossary of Investment Terms
trustee in bankruptcy
Definition 1.
Court-appointed trustee who will administer the affairs of a bankrupt company or individual. A trustee in bankruptcy will act on behalf of the debtor to ensure that both the creditor's and debtor's interests are maintained in accordance with the rule of law, and often acts as a negotiator between the two.
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Definition 2.
An appointed trustee who supervises and administers the affairs of a bankrupt company or individual.
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