Known Creditor - Law Dictionary Search Results
known creditor
Matched in: Term known creditor
creditor
Matched in: Term creditor
Extend
bound by a statute, who has forfeited his bond, at their yearly value, so that it may be known when the creditor will be paid his debt. See EXTENT. To extend means to enlarge, expand, lengthen, prolong
Keep your definitions linked to case research
Convener
Convener, in relation to any meeting of creditors, the person summoning it is known as 'the convener', Insolvency Rules 1986, SI 1986/1925, r. 6.31(1) (UK) Halsbury's Laws of England, Vol. 3(2), para … Convener, in relation to any meeting of creditors, the person summoning it is known as 'the convener', Insolvency Rules 1986, SI 1986/1925, r. 6.31(1) (UK) Halsbury's
Uses
or it might be a special trust unlawful, which was created for fradulent purposes, so as to defraud creditors, to defeat the Statute of Mortmain, and the like. If the two following statutes be compared, it will
Insurance
which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut out of a diary, etc., see General Accident, etc., Assce. … Road Traffic Act,1930, s. 42] is, upon a winding-up, not earmarked for risks but available for the general creditors of the company (South-East Lancashire Insurance Co., 1935, Ch 225). Other provisions require the separation (s. 3) of
Administrator
of the persons entitled to the estate are willing to apply (Probate Rules, 120). Where the estate is known or believed to be insolvent, the Public Trustee can obtain a grant subject to certain conditions (Public Trustee … generally use administrator to refer to someone of either sex, Black Law Dictionary, 7th Edn., p. 46. A Creditor may obtain a Grant of Administration if none of the persons entitled to the estate are willing to
Receiving order
7, 37 (2), 107(4), and (English) Bankruptcy Rules, 1915, rr. 179-188A. Receiving orders in bankruptcy, whether or not known to affect land, must be registered at the Land Registry every five years or else the title of … Receiving order. An order of the court on the petition of a creditor, or of the debtor himself, granted for the protection of the estate on an act of bankruptcy being
Equitable mortgage
the (English) Statute of Frauds (29 Car. 2, c. 3, s. 4), is extensively resorted to, and is known in practice as an equitable mortgage by deposit of title-deeds. Its validity has long been established beyond all … an equitable lien on the land. (5) Where a debtor deposits the title-deeds of his estate with his creditor or some person on his behalf, without even a verbal communication. The deposit itself is deemed evidence of
Discussion
debt, but only for his share of it, if his co-sureties and co-obligees are solvent. This is commonly known as the benefit of division, or beneficium divisionis. Story's Confl. of Laws, 456 … liable to pay the debt for which they became bound as sureties: but were liable only after the creditor had sought payment from the principal debtor, and he had failed to pay. This was called the benefit
- ‹ Prev
- 2
- Next ›
- Last »
Try the research workspace - 7 days free