Legal Subject: Bankrupt |
This word, used alone, properly signifies one whose estates have been sequestrated, i.e., who has been adjudged bankrupt. But it is often used as a contraction for notour (notorious) bankrupt, i.e., one who has committed an act of bankruptcy, but who has not been adjudged bankrupt. All executions levied on the goods of a debtor within two months before, and four months after, his becoming notour bankrupt, are ranked pari passu, i.e., held as of the same date, and confer a right to an equal share in the proceeds of the goods in execution. Assignments
| Case | Date | Legal Subject | Abstract |
|---|---|---|---|
| Douglas v. Robson's Creditors | 1802 | Debt, Meeting of creditors, Bankrupt | After Mrs. Isobel Douglas (pursuer) knew about William Robson’s bankruptcy, she was involved in a competition with certain creditors of Robson, because she had a bond issued by William Robson and his two brothers to secure a debt. Robson’s creditors held a meeting without Ms. Douglas and executed a document (interlocutor) that did not include the debt of the pursuer. Ms. Douglas sought to change the interlocutor in order to include her debt and demanded the payment of her debt, principal, interest, and expenses. |
Definition source
Kinnear, J. B., Digest of House of Lords Cases Decided on Appeal from Scotland, 1709-1864 — Glossary of Scottish Law Terms (Edinburgh, 1865). Public domain.