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Louisa Siddivat, a liquidator and bankruptcy trustee, addresses questions related to bankruptcy and trust management. She confirms that an undischarged bankrupt can still serve as a trustee of a trust, emphasizing the importance of clearly documenting the trust arrangement before entering it. During bankruptcy, assets owned or in which the individual has a beneficial interest typically vest in the bankruptcy trustee, meaning they come under the trustee's control and become part of the bankrupt estate. Louisa notes that there are minor exceptions to this rule, which she has discussed in other videos.
