Trustee

 The appointed agent of the insolvent assets who wields legal authority, primarily for the advantage of the creditors without collateral, subject to the overall oversight of the judiciary and the immediate oversight of the federal insolvency official or insolvency manager. This administrator is a non-governmental person or entity designated in all liquidation (chapter 7), family farmer/fisherman reorganization (chapter 12), and individual debt adjustment (chapter 13) proceedings, and certain business reorganization (chapter 11) proceedings. The administrator's duties encompass examining the filer's initial request and financial statements and initiating legal proceedings against claimants or the filer to reclaim assets belonging to the insolvent assets. In liquidation proceedings (chapter 7), the administrator converts the assets of the insolvent assets into cash and dispenses payments to claimants. Administrators in family farmer/fisherman reorganization (chapter 12) and individual debt adjustment (chapter 13) proceedings possess comparable obligations to a liquidation (chapter 7) administrator and the supplementary duties of supervising the filer's proposal, accepting remittances from filers, and distributing proposal payments to claimants.