Congress finds trustees return assets to government creditors
What the document says“Chapter 7 bankruptcy trustees provide valuable returns of assets to government creditors, including the Internal Revenue Service, the Department of Agriculture, the Small Business Administration, and other Federal, State, and municipal governments.”
The fifth finding. Congress states that chapter 7 trustees return assets to governments that are owed money, naming the Internal Revenue Service, the Department of Agriculture and the Small Business Administration, along with other federal, state and city governments.
What the document actually says“Chapter 7 bankruptcy trustees provide valuable returns of assets to government creditors, including the Internal Revenue Service, the Department of Agriculture, the Small Business Administration, and other Federal, State, and municipal governments.”
Congress says these workers get money back for the government. Three offices are named.
A creditor is anyone who is owed money. Governments are owed money too. Unpaid taxes are one example.
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