bankruptcy

the liability of the bankruptcy trustee

The INSOLAD Rules of Practice for Bankruptcy Trustees set out general principles that guide the actions of the bankruptcy trustee. The bankruptcy trustee: is independent and has integrity; be guided by the interests of the estate and take into account interests of a social nature; strives for objectivity in his judgment; performs his work carefully, competently, energetically and efficiently ...

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the task and powers of the bankruptcy trustee

The task of the bankruptcy trustee is set out in article 68 paragraph 1 FW: "The liquidator is in charge of the administration and liquidation of the bankruptcy estate." According to paragraph 2 of this article, the bankruptcy trustee does so under the supervision of a supervisory judge. The bankruptcy trustee performs his duties primarily for the benefit of the ...

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