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Assets :: Assets (n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts..

Bankruptcy :: Bankruptcy (n.) The act or process of becoming a bankrupt.

Assignee :: Assignee (v.) A person to whom an assignment is made; a person appointed or deputed by another to do some act, perform some business, or enjoy some right, privilege, or property; as, an assignee of a bankrupt. See Assignment (c). An assignee may be by special appointment or deed, or be created by jaw; as an executor..

Assignee :: Assignee (v.) In England, the persons appointed, under a commission of bankruptcy, to manage the estate of a bankrupt for the benefit of his creditors..

Bankrupt :: Bankrupt (n.) A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities..

Ruin :: Ruin (n.) To bring to ruin; to cause to fall to pieces and decay; to make to perish; to bring to destruction; to bring to poverty or bankruptcy; to impair seriously; to damage essentially; to overthrow.

Failure :: Failure (n.) A becoming insolvent; bankruptcy; suspension of payment; as, failure in business..

Bankrupt :: Bankrupt (n.) A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person..

Bankrupting :: Bankrupting (p. pr. & vb. n.) of Bankrup.

Bankrupt :: Bankrupt (n.) A trader who secretes himself, or does certain other acts tending to defraud his creditors..

Bankrupt :: Bankrupt (a.) Relating to bankrupts and bankruptcy.

Bankrupt :: Bankrupt (v. t.) To make bankrupt; to bring financial ruin upon; to impoverish.

Assignment :: Assignment (n.) The transfer of the property of a bankrupt to certain persons called assignees, in whom it is vested for the benefit of creditors..

Dividend :: Dividend (n.) A sum of money to be divided and distributed; the share of a sum divided that falls to each individual; a distribute sum, share, or percentage; -- applied to the profits as appropriated among shareholders, and to assets as apportioned among creditors; as, the dividend of a bank, a railway corporation, or a bankrupt estate..

Bankrupt :: Bankrupt (a.) Destitute of, or wholly wanting (something once possessed, or something one should possess)..

Adjudication :: Adjudication (n.) The decision upon the question whether the debtor is a bankrupt.

Whitewash :: Whitewash (v. t.) To make white; to give a fair external appearance to; to clear from imputations or disgrace; hence, to clear (a bankrupt) from obligation to pay debts..

Bankruptcy :: Bankruptcy (n.) The state of being actually or legally bankrupt.

Cessionary :: Cessionary (a.) Having surrendered the effects; as, a cessionary bankrupt..

Bankruptcy :: Bankruptcy (n.) Complete loss; -- followed by of.

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