The debtor's voluntary assignment to the trustee in bankruptcy of legal title to the debtor's property for the benefit of creditors is legally known as a proposal.

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The debtor's voluntary assignment to the trustee in bankruptcy of legal title to the debtor's property for the benefit of creditors is legally known as an assignment in bankruptcy, not a proposal. A proposal refers to a formal plan that a debtor submits to their creditors to reorganize their debts and payment schedule.

The Debtor's Voluntary Assignment to the Trustee in Bankruptcy of Legal