- assignee in insolvency
- The person to whom an insolvent debtor makes an assignment for the benefit of his creditors. See trustee in bankruptcy.
Ballentine's law dictionary. Anderson, W.S.. 1998.
assignee in insolvency
Look at other dictionaries:
insolvency — The insufficiency of the entire property and assets of an individual to pay his debts. 29 Am J Rev ed Insolv § 2. In a practical commercial sense, the inability of a person to pay his debts as they become due in the ordinary course of his… … Ballentine's law dictionary
assignee in trust for the benefit of creditors — An assignee in insolvency. Anno: 113 ALR 745 … Ballentine's law dictionary
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
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General assignment — A general assignment is a concept in bankruptcy law that has different meanings in different jurisdictions. * In the United states, a general assignment is simply a contract whereby the insolvent entity ( Assignor ) transfers legal and equitable… … Wikipedia
trustee in bankruptcy — An appointed trustee who supervises and administers the affairs of a bankrupt company or individual. Bloomberg Financial Dictionary * * * trustee in bankruptcy trustee in bankruptcy ➔ bankruptcy * * * trustee in bankruptcy UK US noun [C] (also… … Financial and business terms
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following trust fund or property — Pursuing property wrongfully converted by a fiduciary for the purpose of compelling restitution to the beneficiary, such pursuit encompassing a following through all changes in state and form, so long as such property, its product, or its… … Ballentine's law dictionary
