The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CHAPTER 7 Definition & Legal Meaning

Definition & Citations:

Section of US bankruptcy code that specifies a court-appointed trustee or receiver to collect and liquidate the debtor’s property to satisfy the creditors’ claims. Either the debtor or creditor may petition a court to appoint a trustee.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.