Category: Bankruptcy

  • Adjudication

    Definition of Adjudication In accordance with the work A Dictionary of Law, this is a description of Adjudication : 1. The formal judgment or decision of a court or tribunal. 2. A decision by the Commissioners of Inland Revenue as to the amount (if any) of *stamp duty payable on a […]

  • Termination of Contract

    Buyer’s Right to Termination of Contract Note: see the Vienna Convention on Contracts for the International Sale of Goods 1980. Statutes Sale of Goods Act 1979 as amended in 1994 and 1995. Judicial Decisions Afovos Shipping Co. v. Pagnan [1983] 1 W.L.R. 195. Agricultores […]

  • Bankruptcy

    Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]

  • Bankruptcy

    Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]

  • Lloyd Kenyon

    Lloyd Kenyon, 1st Baron (1732-1802), lord chief-justice of England, was descended by his father’s side from an old Lancashire family; his mother was the daughter of a small proprietor in Wales. He was born at Gredington, Flintshire, on the 5th of October 1732. Educated at Ruthin grammar […]

  • Arrangement

    Definition of Arrangement In accordance with the work A Dictionary of Law, this is a description of Arrangement : 1. (in commercial and company law): See deed of arrangement; scheme of arrangement; voluntary arrangement. 2. (in international law): See treaty here. Financial […]

  • Meeting of Creditors

    History: First Meeting of Creditors This meeting is summoned by the official receiver, notice being given in the London Gazette and in a local paper, and sent by post to each creditor. A summary of the statement of affairs should accompany the notice, with any observations by the […]

  • Sequestration

    Sequestration (Scottish Bankruptcy) Scottish Bankruptcy Legislation: History In Scotland, as in England, the law of bankruptcy arose as a remedy against the frauds of insolvent debtors. It was declared by an act of the Scottish parliament (1621, c. 18) that no debtor after insolvency […]

  • Bankruptcy Procedure

    History Summary of procedure For the convenience of readers who may require more detailed information, the accompanying summary of some of the more important provisions of the law relating to bankruptcy procedure is submitted. It must be borne in mind, however, that the subject is in […]

  • Insolvency

    Resources See Also Further Reading Insolvency in the Encyclopedia of Britain Insolvency in the Osborn's Concise Law Dictionary Insolvency in the Halsbury's Laws of England Insolvency in the Stroud's Judicial Dictionary of Words and Phrases Insolvency in the Jowitt's Dictionary […]

  • Company Reconstructions

    History When a company reconstructs, as it often does in these days, the rights of debenture-holders have to be provided for. Reconstructions are mainly of two kinds—(1) by arrangement, under the Joint Stock Companies Arrangement Act 1870, amended in 1900 and 1907, incorporated in act of 1908 […]

  • Equitable Winding-up

    Minority protection in Company Law Refine your research by picking one of the below sections, including the The statutory remedies. The statutory remedies Insolvency Act : Just and equitable winding-up Find under this subsection information about Insolvency Act : Just and equitable winding-up […]

  • Compulsory Winding-up

    Definition of Compulsory Winding-Up In accordance with the work A Dictionary of Law, this is a description of Compulsory Winding-Up : A procedure for winding up a company by the court based on a petition made under circumstances listed in the Insolvency Act 1986. The main grounds for this type […]

  • Financial Restructuring

    Voluntary arrangements under ss– Insolvency Act Find under this subsection information about Voluntary arrangements under ss– Insolvency Act in relation to Financial restructuring. Sale under the articles

  • Creditor

    Definition of Creditor In accordance with the work A Dictionary of Law, this is a description of Creditor : 1. One to whom a debt is owed. See also judgment creditor; loan creditor; secured creditor; unsecured creditor. 2. (under the Consumer Credit Act 1974) The person providing credit […]