Profession bankruptcy trustee

Bankruptcy trustees administer a client's bankruptcy case, investigate legal documentation for fraud possibilities and manage the money received from the sale of non-exempt property so as to distribute it to the owed creditors.

Would you like to know what kind of career and professions suit you best? Take our free Holland code career test and find out.

Personality Type

  • Conventional / Enterprising

Knowledge

  • Business loans

    Loans which are intended for business purposes and which can either be secured or unsecured depending on whether a collatoral is involved. The different types of business loans such as bank loans, mezzanine finance, asset-based finance, and invoice finance.

  • Debt classification

    The different classifications of debt such as public and publicly guaranteed debt, private non-guaranteed credits, central bank deposits, etc.

  • Insolvency law

    The legal rules regulating the incapacity to pay debts when they fall due.

  • Debt systems

    The processes needed to obtain goods or services before payment and when a sum of money is owed or overdue.

  • Fraud detection

    The techniques used to identify fraudulous activities.

Skills

  • Obtain financial information

    Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

  • Advise on bankruptcy proceedings

    Analyse the bankruptcy case in order to guide guide and advise clients on the formalities, procedures and the actions that can ameliorate the losses.

  • Revise legal documents

    Read and interpret legal documents and proofs about happenings in relation with the legal case.

  • Perform debt investigation

    Use research techniques and tracing strategies to identify overdue payment arrangements and address them

  • Collect property financial information

    Collect information concerning the previous transactions involving the property, such as the prices at which the property had been previously sold and the costs that went into renovations and repairs, in order to obtain a clear image of the property's value.

  • Handle financial transactions

    Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.

  • Examine credit ratings

    Investigate and look for information on the creditworthiness of companies and corporations, provided by credit rating agencies in order to determine the likelihood of default by the debtor.

  • Analyse loans

    Examine and analyse the loans provided to organisations and individuals through different forms of credit such as overdraft protection, export packing credit, term loan, and purchase of commercial bills.

Optional knowledge and skills

liquidity management banking activities trace financial transactions protect client interests actuarial science administer debtor's assets provide financial product information value properties maintain client debt records investment analysis financial statements communicate with banking professionals handle financial disputes apply technical communication skills maintain records of financial transactions consult credit score