assignee in insolvency


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. . 1998.

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

  • Uniform Commercial Code — The Uniform Commercial Code (UCC or the Code) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of… …   Wikipedia

  • Employment Relations Act 2000 — Infobox NZ Legislation short title=Employment Relations Act long title= No long title introduced by= date passed=2000 royal assent= commencement= October 2 2000 amendments= 2001, 2004 related legislation= Industrial Conciliation and Arbitration… …   Wikipedia

  • 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