Norma files a petition in bankruptcy. She turns her assets over to O'Brien, who sells them and then distributes the proceeds to Norma's creditors. O'Brien is a

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O'Brien is a bankruptcy trustee, who is appointed by the court to manage the debtor's assets, sell them, and distribute the proceeds to creditors. Preferred creditors are those who receive priority payment in bankruptcy. The bankruptcy court judge is the presiding judge in the bankruptcy case. The debtor is the person filing for bankruptcy.

Norma Files a Petition in Bankruptcy