Glossary of Terms
Bankruptcy / Proposal / Financial Glossary |
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| final statement of receipts and disburse | This document, prepared by the trustee, must contain a complete account of all moneys received by the trustee out of the property of the bankrupt or otherwise, the amount of interest received by the trustee, all moneys disbursed and expenses incurred and the remuneration claimed by the trustee, together with full particulars, description and value of all property of the bankrupt that has not been sold or realized, setting out the reason why the property has not been sold or realized and the disposition made thereof. Once approved by the inspectors (if any inspectors are appointed), it is submitted to the Superintendent for comments. |
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