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Legal Terms - creditors’ committee
a committee that oversees the trustee chosen to manage a bankrupt person's affairs and may be appointed by creditors. A committee of three to five creditors is tasked with ensuring that the assets of the bankrupt are distributed as expeditiously and cost-effectively as feasible.
a committee that oversees the trustee chosen to manage a bankrupt person's affairs and may be appointed by creditors. A committee of three to five creditors is tasked with ensuring that the assets of the bankrupt are distributed as expeditiously and cost-effectively as feasible.
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