What is a trustee

A trustee is someone who is legally responsible for managing money or property on behalf of another person or entity. In the context of debtor and creditor law in Pennsylvania, a trustee is the party responsible for managing the funds received from a creditor in order to satisfy a debt owed by the debtor. The trustee is responsible for identifying the creditors, determining how much each creditor is owed, and making payments to creditors as specified by the terms of the agreement. In addition, the trustee is responsible for accounting and reporting to the court on the progress of the payments and any other relevant information concerning the debtor’s agreement. A trustee may also be responsible for ensuring that all legal requirements are met.

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What is a trustee

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