Upon the application of the trustee, the court may authorize the compromise of any bad and doubtful debts or choses in action belonging to the trust estate, or the sale thereof to the highest bidder, on such terms and notice as the court may prescribe.
Structure Code of Alabama
Title 19 - Fiduciaries and Trusts.
Article 2 - Express Trusts for Payment or Security of Debts.
Section 19-3-20 - Right of Creditors to Apply for Order Requiring Trustee to Give Bond.
Section 19-3-21 - Contents of Application; Notice of Hearing.
Section 19-3-22 - Hearing; Order.
Section 19-3-23 - Failure of Trustee to Give Bond; Appointment of Successor.
Section 19-3-24 - Duty of Trustee to Make Inventory; Filing of Copies; Supplemental Inventories.
Section 19-3-25 - Appointment and Duties of Appraisers.
Section 19-3-26 - When Petition for Administration May Be Filed; Contents of Petition.
Section 19-3-28 - Notice to Creditors.
Section 19-3-29 - Presentation of Claims; Verification; Receipt.
Section 19-3-30 - Claims Docket.
Section 19-3-31 - Claims Presented and Not Objected to Stand Allowed.
Section 19-3-32 - Objections to Claims - Filing of Objections.
Section 19-3-33 - Objections to Claims - Time for Hearing; Notice.
Section 19-3-34 - Objections to Claims - Conduct of Hearing; Order Allowing or Disallowing Claim.
Section 19-3-35 - Duty of Trustee to Render Account.
Section 19-3-36 - Time for Settlement; Notice to Creditors.
Section 19-3-37 - Examination and Auditing of Account; Judgment.
Section 19-3-38 - Admissibility of Evidence at Hearings; Exceptions; Appeals.
Section 19-3-39 - Compromise or Sale of Bad Debts.
Section 19-3-40 - Sale of Real Estate; Notice to Creditors.
Section 19-3-41 - When Settlements Compelled; Removal of Trustee and Appointment of Successor.