Chapter 7 trustee
Term · Law · MLC-T-LAW-000047
A person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate for the benefit of the debtor’s creditors. The trustee's responsibilities include reviewing the debtor's petition and schedules, liquidating the property of the estate, and making distributions to creditors. The trustee may also bring actions against creditors or the debtor to recover property of the bankruptcy estate.
| Identifier | MLC-T-LAW-000047 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000047",
"term": "Chapter 7 trustee",
"field": "Law",
"definition": "A person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate for the benefit of the debtor’s creditors. The trustee's responsibilities include reviewing the debtor's petition and schedules, liquidating the property of the estate, and making distributions to creditors. The trustee may also bring actions against creditors or the debtor to recover property of the bankruptcy estate.",
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/chapter-7-trustee/"
}
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