Florida Statutes 727.116 – Assignee’s final report and discharge
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Terms Used In Florida Statutes 727.116
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Assignee: means a natural person solely in such person's capacity as an assignee for the benefit of creditors under the provisions of this chapter, which assignee shall not be a creditor or an equity security holder or have any interest adverse to the interest of the estate. See Florida Statutes 727.103
- Assignment: means an assignment for the benefit of creditors made under this chapter. See Florida Statutes 727.103
- Court: means the circuit court where the petition is filed in accordance with…. See Florida Statutes 727.103
- Estate: means all of the assets of the assignor. See Florida Statutes 727.103
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Petition: means the initial document filed with the court, as set forth in…. See Florida Statutes 727.103
(1) Upon distribution of all assets of the estate, the assignee shall petition the court for his or her discharge upon notice and a hearing in accordance with s. 727.111(5).
(2) The assignee’s final report setting forth all receipts and disbursements of the estate shall be annexed to the petition for discharge and filed with the court.
(3) Upon approval of the final report, the court shall discharge the assignee and release his or her bond.
(4) The assignee’s discharge shall have the effect of releasing him or her from any duties, liabilities, and responsibilities as assignee pursuant to the provisions of the assignment and this chapter.