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| People Involved In Bankruptcy |
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| Home > Client Services > Bankruptcy Services > People Involved In Bankruptcy |
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| People Involved In Bankruptcy |
Generally speaking, the following people are involved in a bankruptcy litigation process. Apart from the procedural aspect, filling up of forms, meeting deadlines, filing fees, etc., there are many people that are involved in the bankruptcy process that you might not be aware of. Each of these people have their distinct role to play, and they are:
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Attorney
(n., pl. attorneys) any person legally empowered to act as agent for, or in behalf of, another; esp., a lawyer
Webster's New World Dictionary
at·tor·ney (n., pl. at·tor·neys). A person legally appointed by another to act as his or her agent in the transaction of business, specifically one qualified and licensed to act for plaintiffs and defendants in legal proceedings.
The American Heritage Dictionary
- Attorney may refer to:
- Attorney at law, a lawyer in some countries
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Attorney general, the principal legal adviser to a government
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Attorney-in-fact, a person authorised to act on someone else's behalf in a legal or business matter by a power of attorney
Wikipedia, the free encyclopedia
Creditor
n., a person who extends credit or to whom money is owed
Webster's New World Dictionary
(n. Abbr. cr.) One to whom money or its equivalent is owed.
The American Heritage Dictionary
A creditor is a party (e.g. person, organization, company, or government) that has a claim to the services of a second party. It is a person or institution to whom money is owed. [1] The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party is frequently called a debtor or borrower. The first party is the creditor, which is the lender of property, service or money.
Wikipedia, the free encyclopedia
Debtor
(n., DEBT) a person, company, nation, etc. that owes something to another or others
Webster's New World Dictionary
(n. 1. Abbr. dr.) One that owes something to another. 2. One who is guilty of a trespass or sin; a sinner. [Middle English dettour, from Old French dettor, from Latin d¶bitor
The American Heritage Dictionary
A debtor is an entity that owes a debt to someone else. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterparts of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
Wikipedia, the free encyclopedia
Judge
(n., a judge, lit.) one who points out the right
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an elected or appointed public official with authority to hear and decide cases in a court of law
- a person designated to determine the winner in a contest, settle a controversy, etc.
- a person qualified to give an opinion or decide on the relative worth of anything !a good judge of music"
- Jewish History any of the governing leaders of the Israelites after Joshua and before the time of the kings
Webster's New World Dictionary
(n.) One who judges, especially: a. One who makes estimates as to worth, quality, or fitness: a good judge of used cars; a poor judge of character. b. Abbr. J., j. Law. A public official who hears and decides cases brought before a court of law. c. Law. A bankruptcy referee. d. One appointed to decide the winners of a contest or competition.
The American Heritage Dictionary
A judge is a person who presides over a court of law, either alone or as part of a panel of judges. The powers, functions, method of appointment, discipline, and training of judges vary widely across different jurisdictions. The judge conducts the trial impartially and in an open court. The judge hears all the witnesses and any other evidence presented by the parties of the case, assesses the credibility of the parties, and then issues a ruling on the matter at hand based on his or her interpretation of the law and his or her own personal judgment. In some jurisdictions, the judge's powers may be shared with a jury. In inquisitorial systems of criminal investigation, a judge might also be an examining magistrate.
Wikipedia, the free encyclopedia
Paralegal
(n.) a person doing paralegal work
Webster's New World Dictionary
Of, relating to, or being a person with specialized training who assists an attorney. --par"a·le"gal n.
The American Heritage Dictionary
Paralegal is a term that is used in most jurisdictions to describe a paraprofessional who assists qualified lawyers in their legal work. This is true in the United States and many other countries. However, in Ontario, Canada, paralegals are licensed by the Law Society of Upper Canada, giving paralegals an independent status in this jurisdiction.
Wikipedia, the free encyclopedia
Trustee
a person to whom another's property or the management of another's property is entrusted
Webster's New World Dictionary
(n.) A person legally responsible for another: a guardian, caretaker, custodian, keeper, or warden.
The American Heritage Dictionary
Trustee is a legal term for a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator's children and family, a pension trust (to confer benefits on employees and their families), and a charitable trust. In all cases, the trustee may be a person or company, whether or not they are a prospective beneficiary.
Wikipedia, the free encyclopedia
Accountant
(n.) a person whose work is to inspect, keep, or adjust accounts
Webster's New World Dictionary
(n. Abbr. acct.) One that keeps, audits, and inspects the financial records of individuals or business concerns and prepares financial and tax reports.
The American Heritage Dictionary
An accountant is a practitioner of accountancy (UK) or accounting (US), which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resources.
From Wikipedia, the free encyclopedia
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