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In this tutorial, Michael Quinn discusses trusts and their implications during liquidation, highlighting recent cases involving corporate trustees. He emphasizes the judicial guidance on key principles such as the liquidator's right of indemnity and supporting lien, alongside the court's interaction with corporate salesmen. Despite numerous cases, uncertainty persists, with no definitive authority establishing a conclusive position on these matters. A notable case mentioned is "Lane Trustee in the Matter of Lead the Bankrupt against the Deputy Division of Taxation," which explores the handling of trust assets in relation to bankruptcy. Overall, the discussion underscores the complexities faced in trust liquidation scenarios.