Assignee in Trust for the Benefit of Creditors Law and Legal Definition
Assignee in trust for the benefit of creditors refers to an assignee in insolvency. They represent the interest of the creditors, and may recover the property for their benefit.
A person retained as attorney for an assignee in trust for the benefit of creditors, occupies no such fiduciary relation towards the assigned estate. [Sallade's Appeal, 36 Pa. 429 (Pa. 1860)].
Legal Definition list
- Assignee in Law
- Assignee in Insolvency
- Assignee in Fact
- Assignee Clause
- Assignee Ad interim
- Assignee in Trust for the Benefit of Creditors
- Assignee of Patent
- Assignment (Health Care)
- Assignment Agreement
- Assignment Brief
- Assignment by Delivery
