- trustee for the benefit of creditors
- fiduciaire au profit des créanciers
English-French legislative terms. 2015.
English-French legislative terms. 2015.
trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… … Law dictionary
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
assignment for benefit of creditors — A voluntary transfer of a debtor s property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor s property that has been transferred to the trust, and uses the money to pay the debtor s … Law dictionary
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
trustee — Person holding property in trust. Restatement, Second, Trusts, No. 3(3). The person appointed, or required by law, to execute a trust. One in whom an estate, interest, or power is vested, under an express or implied agreement to administer or… … Black's law dictionary
trustee — /trʌsˈti / (say trus tee) Law –noun 1. a person, usually one of a body of persons, appointed to administer the affairs of a company, institution, etc. 2. a person who holds the title to property for the benefit of another. –verb (t) (trusteed,… …
trustee in bankruptcy — a person in whom the property of a bankrupt is vested by a court for the benefit of the creditors and who administers the property under the direction of the court for the purpose of distributing the net proceeds therefrom pro rata among his… … Useful english dictionary
trustee in bankruptcy — A person who administers a bankrupt s estate and realizes it for the benefit of the creditors. See feature BANKRUPTCY LAW on p. 48 … Accounting dictionary
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
assignment for benefit of creditors — A method of scheduling debt repayment by which a trustee receives directly a portion of a debtor s income and uses it to pay the debtor s bills. Compare garnishment … Business law dictionary
Heresy in the 20th century — Formal charges of heresy, although less common than in the medieval period, have not died out. Within the Christian churches there continued to be formal charges of heresy as well as less formal censures such as dismissal. The key issues in the… … Wikipedia