Receivers vs. Trustees in Bankruptcy
Both receivers and trustees are involved in bankruptcy, but only certain types. Receivership is both a feature of Chapter 11 bankruptcy, which is used for reorganization of a business entity under the United States bankruptcy…
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What is a Trustee?
Trustees can do a number of different things, but an easy way to describe what they do would be that they are fiduciaries who oversee the day to day management of assets placed in a…
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Trustee Bonds: What You Need to Know
A trust is a document created by a settlor that provides how property and assets within a trust are managed and distributed to trust beneficiaries. A trustee bond protects the interests of the trust beneficiaries…
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