Bankruptcy Order in United Kingdom

Definition of Bankruptcy Order

In accordance with the work A Dictionary of Law, this is a description of Bankruptcy Order : A court order that makes a debtor bankrupt. When the order is made, ownership of all the debtor’s property is transferred either to a court officer known as the *official receiver or to a trustee appointed by the creditors. It replaced both the former *receiving order and *adjudication order in bankruptcy proceedings.

See also bankruptcy.