TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TRUSTEE BANKRUPTCY [2 records]

Record 1 2018-06-05

English

Subject field(s)
  • Occupation Names (General)
  • Financial and Budgetary Management
  • Bankruptcy
  • Auditing (Accounting)
DEF

[A] federally regulated professional who provides advice and services to individuals and businesses with debt problems.

CONT

The Office of the Superintendent of Bankruptcy issued a directive in December 2015, which was aimed to help Canadians easily recognize professionals licensed to provide services under the Bankruptcy and Insolvency Act. That means anyone previously called bankruptcy trustees, or trustees in bankruptcy, are now referred to as a licensed insolvency trustee. It's important to note that the services provided by these professionals stay the same. By removing the word bankruptcy from the title, it is more transparent to the fact that LITs can do so much more than handle your bankruptcy case.

OBS

"Licensed insolvency trustee" (LIT) means a trustee or licensed trustee, as defined in section 2 of the BIA [Bankruptcy and Insolvency Act].

Key term(s)
  • licenced insolvency trustee
  • licenced trustee in insolvency
  • licenced trustee
  • licenced trustee in bankruptcy
  • licenced bankruptcy trustee

French

Domaine(s)
  • Désignations des emplois (Généralités)
  • Gestion budgétaire et financière
  • Faillites
  • Vérification (Comptabilité)
DEF

[...] professionnel dont les activités sont réglementées par le gouvernement fédéral [qui] offre des avis et des services aux personnes et aux entreprises ayant des problèmes d'endettement.

OBS

«syndic autorisé en insolvabilité» (SAI) désigne un syndic ou un syndic autorisé, au sens de l'article 2 de la LFI [Loi sur la faillite et l'insolvabilité].

OBS

Le terme «syndic de faillite» est dorénavant remplacé par «syndic autorisé en insolvabilité (SAI)».

Spanish

Campo(s) temático(s)
  • Nombramiento de cargos (Generalidades)
  • Gestión presupuestaria y financiera
  • Quiebras
  • Verificación (Contabilidad)
Save record 1

Record 2 2018-05-31

English

Subject field(s)
  • Occupation Names (General)
  • Bankruptcy
  • Auditing (Accounting)
DEF

[A person] named [legally] to handle the assets of a debtor in bankruptcy.

French

Domaine(s)
  • Désignations des emplois (Généralités)
  • Faillites
  • Vérification (Comptabilité)
DEF

Représentant légal d'un failli dont il gère et liquide les biens.

Spanish

Campo(s) temático(s)
  • Nombramiento de cargos (Generalidades)
  • Quiebras
  • Verificación (Contabilidad)
DEF

Órgano con funciones representativas y de gestión de la quiebra. Aunque los síndicos son principalmente representantes de los acreedores, también han de representar al quebrado dada su inhabilitación. Los tres síndicos son nombrados por los acreedores, y sus atribuciones son la representación de los acreedores y del quebrado en juicio y fuera de él, la administración de la masa de la quiebra, la reintegración de los bienes que deben volver a la masa de la quiebra, el examen y reconocimiento de los créditos, y la convocatoria de la Junta General de acreedores.

OBS

síndico de la quiebra: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 2

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