An assignment into bankruptcy occurs when a debtor puts his property into the hands of a trustee in bankruptcy.

Name: An assignment into bankruptcy occurs when a debtor puts his property into the hands of a trustee in bankruptcy.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

An assignment into bankruptcy is a voluntary action taken by a debtor to place his property into the hands of a trustee in bankruptcy, with the aim of giving his assets and property to a trustee, in order to pay off his creditors.

An Assignment into Bankruptcy Occurs When a Debtor Puts His