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When does a person need a trustee?

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Anonymous

16y ago
Updated: 8/17/2019

In bankruptcies a trustee is needed in all cases to administer the assets or determine that there are no assets. The court appoints the trustee in chapter 7 and 13. The creditors determine who will act as a trustee in chapter 11, usually.

A trustee is needed if a person establishes a trust.

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Wiki User

16y ago

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