Trustee: Canada Debt .ca defines Trustee

Bankruptcy Term Trustee

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Canada Debt has the definition to the bankruptcy and debt term Trustee. Finding answers to terms such as Trustee can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Trustee in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Trustee' is used as follows:

The person under the Bankruptcy and Insolvency Act who administers bankruptcy and proposal estates. A legal professional who is appointed to hold legal title to the property of the debtor and to perform other duties required by the bankruptcy laws.