interim trustee
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Interim trustee — is a term of art in section 701 of the Bankruptcy Code, Title 11 of the United States Code. When a case under Chapter 7 of the Code is commenced, the United States Trustee immediately appoints an interim trustee for that case. The most important… … Wikipedia
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
interim receiver — the official receiver may be appointed as interim receiver of the debtor s property until a trustee is appointed. Collins dictionary of law. W. J. Stewart. 2001. interim receiver … Law dictionary
interim report — A report by a fiduciary of the condition of the estate and his administration thereof, furnished between the filing of the inventory of the estate and the final report, either as required by law or by order of the court. A report required of a… … Ballentine's law dictionary
interim factor — A temporary trustee appointed to take charge of the property of a bankrupt … Ballentine's law dictionary
United States Trustee Program — The United States Trustee Program is an agency of the United States Department of Justice that is responsible for ing the administration of bankruptcy cases and private trustees. The applicable federal law is found at 28 U.S.C. § 586 and 11 U.S.C … Wikipedia
permanent trustee — in the Scots law of insolvency, the person appointed in a sequestration by the court to administer the insolvent estate. This may be done before sequestration is awarded if there is cause when the person is an interim trustee and, indeed, until… … Law dictionary
election of trustee — In a Chapter 7 case, the creditors have the option to elect a trustee, at the meeting of creditors, to replace the interim trustee. For such an election to occur, creditors representing at least 20% of the claims must request a vote and a… … Glossary of Bankruptcy
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
Chapter 7, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
