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

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

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..

Examine :: Examine (v. t.) To interrogate as in a judicial proceeding; to try or test by question; as, to examine a witness in order to elicit testimony, a student to test his qualifications, a bankrupt touching the state of his property, etc..

Failing :: Failing (n.) The act of becoming insolvent of bankrupt.

Smash :: Smash (n.) Hence, bankruptcy..

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..

Break :: Break (v. i.) To fall in business; to become bankrupt.

Messenger :: Messenger (n.) A person appointed to perform certain ministerial duties under bankrupt and insolvent laws, such as to take charge og the estate of the bankrupt or insolvent..

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

Bankrupt :: Bankrupt (a.) Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant..

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

Gazette :: Gazette (v. t.) To announce or publish in a gazette; to announce officially, as an appointment, or a case of bankruptcy..

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..

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

Bankrupt :: Bankrupt (a.) Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury..

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..

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

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..

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

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