Examlex
In a table for customers,the information about a single customer would reside in a single
Trustee
An individual or firm that holds and administers property or assets for the benefit of a third party, often within a trust.
Nonexempt Assets
Assets that can be seized or used towards the satisfaction of debts under bankruptcy proceedings because they are not protected by exemption laws.
Liquidation
The process of winding up a business's operations and distributing its assets to claimants, often occurring when a company is insolvent.
Duties of a Trustee
The legal responsibilities held by a trustee to manage assets in the best interest of the trust's beneficiaries.
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