Bankruptcy Trustee Surety Bond

A Bankruptcy Trustee Surety Bond is court surety bond required by bankruptcy courts in all states. A bankruptcy trustee is typically an individual that manages and liquidates assets of the bankruptcy petitioner according to the prescribed rules of the type of bankruptcy case that has been filed. The bond guarantees the beneficiaries, especially the creditors, of the bankruptcy that the trustee will perform their duties and handle the affairs according to the rules of the court.