18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
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Simple English definitions for legal terms
trustee, U.S.
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A quick definition of trustee, U.S.:
Trustee, U.S.: A person appointed by the Attorney General to help with bankruptcy cases. They do things like choose trustees for Chapter 7 and Chapter 11 cases. They are also called the United States trustee.
A more thorough explanation:
Definition: A trustee in the United States is a federal official appointed by the Attorney General to perform administrative tasks in the bankruptcy process. They are responsible for appointing bankruptcy trustees in Chapter 7 and Chapter 11 cases.
Example: If a company files for bankruptcy, a U.S. trustee may be appointed to oversee the process and ensure that all parties involved follow the proper procedures. The trustee may also appoint a bankruptcy trustee to manage the company's assets and debts.
This example illustrates how a U.S. trustee plays an important role in the bankruptcy process by ensuring that it is carried out fairly and efficiently.