Glossary Of Debt Management & Financial Terms
Estate
The estate is the property and other assets of an individual debtor, or company debtor. On appointment, the estate "vests" in the appointed insolvency practitioner to control the estate.
The estate is the property and other assets of an individual debtor, or company debtor. This asset or assets will be dealt with accordingly during, but not limited to, the following scenarios; Bankruptcy, IVA's or in the event of a debtors death where the estate would be distributed to the debtors creditors. See Asset, Debtor, Company Debt, Bankruptcy, IVA and Creditor.
