Trustee In Bankruptcy
Definition of "Trustee in bankruptcy"
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 value.
Popular Real Estate Terms
See estoppel. ...
The right and duties of using and holding property. ...
Relating to trees or shrubs normally found in temperate climates. Deciduous trees shed their leaves in the fall. Deciduous woods such as pine, oak, Maple, redwood, and spruce are widely ...
The use of borrower funds by people or business to increase the return on an investment. Examples are a mortgage to purchase real estate and buying real estate stock on margin. ...
Contract in which the borrower agrees to the terms of a loan including payment dates, interest rate, total cost of the loan, and late payment fees. ...
Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to work for him. ...
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Square footage of space a parcel of land has. ...
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