Chapter 11 trustee
USA
An official representative of a Chapter 11 debtor's estate appointed by the court for the benefit of creditors to investigate the debtor's financial affairs and run its business. Appointment of a Chapter 11 trustee is an extraordinary remedy requiring evidence of fraud, dishonesty, incompetence or gross mismanagement before or after the filing, or else the court's belief that appointment of a trustee is in the best interests of creditors, shareholders and the estate.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

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