Is an “agent” or “administrative assistant” hired by the trustee to sell an asset a “liquidator?
” Such a person could be a liquidator. It depends on the tasks assigned. If the person is an employee of the trustee’s office, full or part-time, payment for duties performed which are not overhead will be a trustee expense and, if allowed, reimbursed to the trustee. If the agent or administrative assistant is hired pursuant to court order and will be paid pursuant to court order from assets of the estate, such payments should be reported as “Other Expenses” using the UTC that is applicable based on the services performed (2990-xxx, for example). If the person falls within the definition of liquidator, the payments should be classified as Auctioneer/Liquidator Fees and Expenses (3610-000, 3620-000, 3630-000, and 3640-000). If the person falls within the definition of a “field representative” or “adjuster,” they are usually considered to be a professional and the payments are classified under 3991-xxx and 3992-xxx. Electronic Form 4 File 27) With respect to submission of the electronic
