Bankruptcy Estate - Law Dictionary Search Results
bankruptcy estate
Matched in: Term bankruptcy estate
Accountant in bankruptcy
Matched in: Term Accountant in bankruptcy
Receiving order
a creditor, or of the debtor himself, granted for the protection of the estate on an act of bankruptcy being established. The order con-stitutes the official receiver the receiver of the debtor's property. Legal proceedings against the
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Administrator
order for grant of administration. See County Courts Act, 1934, ss. 60-62, and COUNTY COURTS. The administration in bankruptcy of the estate of a person dying insolvent is provided for by the Bankruptcy Act, 1914, s. 130.
trust
13 of the Bankruptcy Code. by·pass trust : a trust in which a spouse leaves his or her estate upon death to a trust naming the surviving spouse as beneficiary usually with remainders to children or other … called also common-law trust Massachusetts trust NOTE: A trust that qualifies as a business trust is eligible for bankruptcy protection under chapter 13 of the Bankruptcy Code. by·pass trust : a trust in which a spouse leaves
Official assignees
certain persons from the class of merchants or accountants who were appointed by the Lord Chancellor under the Bankruptcy Acts, 1849 and 1861, to act in bankruptcies; one of whom must have been an assignee of the … 1849 and 1861, to act in bankruptcies; one of whom must have been an assignee of the bankrupt's estate and effects, together with the assignee or assignees chosen by the creditors. All the personal estate, the profits
Preferential payments
Preferential payments, in bankruptcy, administra-tion of estates of persons dying insolvent, and winding up of a company:-One year's rates and taxes, four … Preferential payments, in bankruptcy, administra-tion of estates of persons dying insolvent, and winding up of a company:-One year's rates and taxes, four months' salaries of
property
a debtor acquires after the commencement of a bankruptcy case and that is usually considered part of the bankruptcy estate 2 : property acquired after the perfection of a lien or security interest ;esp : such property acquired
Tail
every kind of debt to the extent of the debtor's interest in the estate and a trustee in bankruptcy may bar the entail, see (English) Fines and Recoveries Act, 1833 (3 & 4 Will. 4, c. 74),
preference
conveyance general assignment at assignment NOTE: Preferences can be voided by a bankruptcy trustee because they diminish the bankruptcy estate out of which other creditors will be paid. Preferences must be made during a period (as 90 days
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