liquidating trustee

A liquidating trustee is a person or organization appointed to manage and oversee the process of winding down a company's affairs when it is closing or going bankrupt. Their main job is to sell off the company’s assets, pay off creditors, and distribute any remaining funds to shareholders. They act as a neutral party ensuring that the liquidation process is conducted fairly, efficiently, and according to legal obligations. Essentially, they handle the practical steps of closing the company and settling its debts to ensure an orderly and transparent conclusion.