trustee
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trustee
A person or institution that manages someone else's assets or property (the trust property) on behalf of and in the interest of another person (the trustor). This is done on the basis of a trust agreement.
Der Treuhänder war dafür verantwortlich, das Erbe bis zur Volljährigkeit des Kindes zu verwalten.
The trustee was responsible for managing the inheritance until the child came of age.
insolvency trustee
In the context of insolvency proceedings, a person appointed by the court who manages the debtor's assets and distributes them to the creditors.
Nach der Firmenpleite wurde ein Treuhänder eingesetzt, um die verbleibenden Werte zu sichern.
After the company went bankrupt, a trustee was appointed to secure the remaining assets.
The word derives from 'treue Hand' (faithful hand). Figuratively speaking, a 'Treuhänder' (trustee) is a person who holds someone else's property in 'treuen Händen' (faithful hands) and manages it reliably.
Er hat sein Vermögen in die treuen Hände eines erfahrenen Verwalters gegeben.
He placed his assets in the faithful hands of an experienced administrator.
The term 'Treuhänder' (trustee) comes from legal and business language. It is mainly used in formal contexts such as contracts, insolvencies, or asset management.
Im Insolvenzrecht hat der Treuhänder eine zentrale Funktion.
In insolvency law, the trustee has a central function.
Common verbs used with 'Treuhänder' (trustee) are 'einen Treuhänder einsetzen' (to appoint a trustee), 'einen Treuhänder bestellen' (to appoint a trustee), or 'als Treuhänder fungieren' (to act as a trustee).
Das Gericht hat für das Verfahren einen Treuhänder bestellt.
The court appointed a trustee for the proceedings.
insolvency administrator
Both terms can refer to a person appointed by the court in insolvency proceedings. Insolvenzverwalter is the general term for the person who secures, manages, and realizes the assets. Treuhänder is the appropriate term only in certain insolvency proceedings and emphasizes managing and distributing the assets to the creditors.
Der Treuhänder verwaltete das Vermögen des Schuldners und verteilte es an die Gläubiger.
The trustee managed the debtor's assets and distributed them to the creditors.
Der Insolvenzverwalter sicherte das Vermögen des Unternehmens und verwertete es für die Gläubiger.
The insolvency administrator secured the company's assets and realized them for the creditors.
