Accountant In Bankruptcy - Definition - Law Dictionary

Definition :

Accountant in bankruptcy, an officer who had the management of the proceeds of bankrupts' estates. The repealed (English) Bankruptcy Act, 1861 (24 & 25 Vict. C. 134), s. 12, provided that upon the first vacancy the office should be abolished, and its duties discharged by the Chief Registrar. The funds in the Bank of England standing in his name were transferred (upon certain conditions) to the National Debt Commissioners, by 32 & 33 Vict. C. 91. See BANKRUPTCY.