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Louisa Siddivat, a liquidator and bankruptcy trustee, addresses common questions regarding bankruptcy and trust management. She confirms that an individual can act as a trustee of a trust while being an undischarged bankrupt, but emphasizes the importance of clearly documenting the trust's structure beforehand. During bankruptcy, any assets in the person's name or in which they have a beneficial interest typically transfer to the bankruptcy trustee, becoming part of the bankrupt estate. There are minor exceptions to this rule, which she has discussed in other videos.
