Bankruptcy examiner
Definition
An independent investigator appointed by the court in a bankruptcy case to investigate specific matters such as fraud or mismanagement. Unlike a trustee, an examiner does not take over management of the estate; they report to the court.
Related terms
- Clawback (avoidance action)
- A lawsuit brought by the trustee to recover assets or payments that left the estate before bankruptcy. The trustee's avoidance powers are...
- Fraudulent transfer (fraudulent conveyance)
- A transfer of assets made with intent to hinder, delay, or defraud creditors, or made for less than reasonably equivalent value while...
- Ponzi-scheme insolvency
- An insolvency where the debtor operated a Ponzi scheme: early investors received returns paid from later investors' capital rather than genuine investment...
- Preference payment
- A payment made to a creditor within the statutory preference period (typically 90 days before bankruptcy filing, one year for insiders) that...
- UNCITRAL Model Law
- The UNCITRAL Model Law on Cross-Border Insolvency (1997), a template for coordinating insolvency proceedings across borders. Countries that adopt it (including the...
Explained in
- Bankruptcy and Insolvency FraudAn independent investigator appointed by the court in a bankruptcy case to investigate specific matters such as fraud or mismanagement. Unlike a trustee, an ex...