A bond to guarantee the trustee in bankruptcy appointed by the creditors. If the trustee, who controls the assets of the insolvent party, fails to carry out his duties properly, the surety (e.g. an insurer) will make good the loss.
The Rantings of the barely human.
A bond to guarantee the trustee in bankruptcy appointed by the creditors. If the trustee, who controls the assets of the insolvent party, fails to carry out his duties properly, the surety (e.g. an insurer) will make good the loss.