Personal Bankruptcy Legal Terms and Legal Words. Bankruptcy Law Terminology

receiver
A receiver is an indifferent person appointed by the court to manage the property of the debtor. A judge appoints a neutral person as receiver or conservator upon request of the Plaintiff. In federal courts, receivers are attorneys or professional trustees. In state courts, where conservatorships occur, there is no requirement for receivers or … Full Definition »
Law topic: Personal Bankruptcy << Legal issue: Bankruptcy Law
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bankruptcy petition
The document filed by the debtor (in a voluntary case) or by creditors (in an involuntary case) by which opens the bankruptcy case. … Full Definition »
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