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单词 trustee in bankruptcy
释义

trustee in bankruptcy
A person in whom the property of a bankrupt is vested for the benefit of the bankrupt’s creditors. The trustee in bankruptcy (either a licensed insolvency practitioner or the official receiver) must collect the bankrupt’s assets, sell them, and distribute the proceeds among those with valid claims against the bankrupt. Some claims take preference over others (see preferential debts).

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更新时间:2024/10/27 5:24:37