abstract:In the United States a private trustee is a position set up through a trust indenture. It is a private agreement, between the settlor of a trust and the trustee.
In a private action, filed in October 2003 in federal bankruptcy court in New York, the bankruptcy trustee for a business called Ticketplanet.com sought to recover money from Mandell and others, alleging they seized the firm's assets while avoiding its liabilities.