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Insolvenzverwalter

insolvency administrator

noun in-zol-VENTS-fer-val-ter Rare
People & Society Law

Usage Note

Insolvenzverwalter is an independent officer appointed by the court to manage the assets of an insolvent debtor, sell property, and distribute proceeds to creditors according to the Insolvenzordnung (Insolvency Act).

Examples

"Der Insolvenzverwalter sicherte das verbleibende Vermögen des Unternehmens."

Natural Translation

The insolvency administrator secured the company's remaining assets.

Literal Translation

The insolvency-administrator secured the remaining assets of-the company.

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