A week after a bankruptcy judge ruled that Orange County treasurer-tax collector Chriss Street had abused his position as trustee for a bankrupt trailer manufacturer, Street announced he would not run for re-election and agreed to surrender his office’s investment authority.

The ruling stems from the 1996 bankruptcy of Freuhauf Trailer Corp. Between 1998 and 2005, Street was the court-appointed trustee assigned to liquidate the assets and distribute them to creditors.

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