Liquidation Trustee

A Liquidation Trustee is a person or entity appointed to manage the process of selling off a company's assets when it goes bankrupt. Their main job is to gather and sell the company's assets efficiently and fairly, distributing the proceeds to creditors and stakeholders according to legal guidelines. The trustee ensures that the liquidation process adheres to applicable laws and protects the interests of all parties involved, including employees and creditors, while aiming to maximize the value of what is being sold.