Bankruptcy Administration
"Who elects the Bankruptcy Administration?"
Quick Answer
The official body formed after a bankruptcy declaration, responsible for representing the bankrupt estate, collecting assets, assessing claims, and distributing proceeds to creditors.
Scope and Legal Distinctions
The bankruptcy administration manages the estate within the insolvency procedure; it is different from the company's former management and from a concordat commissioner.
What to Check in Practice
Identify the estate file, office holders, creditor-meeting decisions and published notices. Direct claim filings and requests for information to the competent insolvency office.
Sources & Authorities
Statutory framework and official guidance for this definition.
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