After the trustee has collected and liquidated the debtor's property, he or she distributes the proceeds to creditors.

Name: After the trustee has collected and liquidated the debtor's property, he or she distributes the proceeds to creditors.
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In a bankruptcy process, after the trustee collects and liquidates (sells) the debtor's non-exempt property, the proceeds are distributed to creditors according to the priority established by bankruptcy laws.

After the Trustee Has Collected and Liquidated the Debtor's Property