Word: Chapter 7 trustee
Definition:
A person appointed in a Chapter 7 case to manage the estate, liquidate assets, and distribute proceeds to creditors.
Sample Sentence:
The Chapter 7 trustee found additional nonexempt assets to liquidate.
Why It Matters:
The trustee protects the integrity of the bankruptcy process and creditor rights.
Quick Tip:
Trustees can challenge improper asset transfers made before filing.
Source: https://www.uscourts.gov/glossary
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