a person licensed by the federal government to administer bankruptcies and proposals under the terms of the Bankruptcy and Insolvency Act
a person licensed by the Superintendent of Bankruptcy meet the standard for services to be provided by licensed bankruptcy trustees Frequently Asked Questions
a person licensed by the Superintendent of Bankruptcy meet the standard for services to be provided by licensed bankruptcy trustees Information and services for Trustees in Bankruptcy from the Office of the Superintendent of Bankruptcy
a person licensed by the Superintendent of Bankruptcy to handle the process of proposals and bankruptcies
a trustee of a court who controls the economic activities of an insolvent debtor and protects the interests of creditors
An appointed trustee who supervises and administers the affairs of a bankrupt company or individual.
The trustee in bankruptcy is either the official receiver or an insolvency practitioner appointed to take control of the assets of the bankrupt, realise them and after deducting the costs of dealing with the bankruptcy, distribute the proceeds to the creditors of the bankrupt.
A person licensed by the Superintendent of Bankruptcy to administer bankruptcy and proposal estates.
One appointed by a bankruptcy court, and in whom the property of the bankrupt vests. The trustee holds the property in trust, not for the bankrupt, but for the creditors.
A person licensed by the Superintendent of Bankruptcy to administer proposals and bankruptcies. The trustee represents your creditors and is an officer of the court. However, the trustee can give you information and advice about both the proposal and bankruptcy processes and make sure that your rights, as well as those of the creditors, are respected.
the licensed insolvency practitioner appointed by either the Official Receiver or the creditors to deal with the affairs of the bankrupt.
An agent of the court authorized to liquidate and protect the assets of the bankrupt, and bring them to court for final distribution for the benefit of the bankrupt and creditors.
An individual or corporation licensed by the Superintendent of Bankruptcy pursuant to the Bankruptcy and Insolvency Act. The property of the bankrupt vests in the trustee on behalf of the creditors.
A person who collects and realises the bankrupt's estate and distributes the proceeds to creditors.
Person selected by a judge or creditors of a bankrupt individual to handle matters including the sale of the bankrupt's assets, management of the funds from the sale of those assets, payment of expenses, and distribution of the balance to creditors. The trustee is usually compensated with a specified percentage of the liquidation sale.
A Trustee in Bankruptcy is a person who is appointed by the judge or by the creditors involved in the bankruptcy case. The trustee must be a licensed insolvency practitioner who is registered under the United States Bankruptcy Act. In a Chapter 7 Bankruptcy the trustee is to gather the debtor’s non-exempt property or all of his assets, managing the funds from the sale of those assets, and then paying expenses and distributing the balance to the owed creditors.