What Is a "Statutory Deemed Trust," and How Is Such

question 42

Essay

What is a "statutory deemed trust," and how is such a claim prioritized in the distribution of a bankrupt's estate?

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Definitions:

Defined Contribution Pension Plan

A retirement plan where an employer, employee or both make contributions, with future benefits dependent on investment performance.

IRS Approved

Indicates that a financial arrangement or practice has been sanctioned or recognized by the Internal Revenue Service.

Defined Benefit Pension Plan

A retirement plan where employee benefits are calculated on a formula including salary history and duration of employment, with the employer bearing investment risk.

Pension Plan Asset

The resources set aside to meet future pension obligations, including investments and other assets.