Insolvent+debtor
71cessio bonorum — /ses(h)(i)yow banoram/ In Roman law, cession of goods. A surrender, relinquishment, or assignment of all his property and effects made by an insolvent debtor for the benefit of his creditors. The term is commonly employed in continental… …
72contribution — Right of one who has discharged a common liability to recover of another also liable, the aliquot portion which he ought to pay or bear. Under principle of contribution, a tort feasor against whom a judgment is rendered is entitled to recover… …
73emptio bonorum — /em(p)sh(iy)ow banoram/ A species of forced assignment for the benefit of creditors; being a public sale of an insolvent debtor s estate whereby the purchaser succeeded to all his property, rights, and claims, and became responsible for his debts …
74beneficium competentix — /benafish(iy)am kompatenshiyiy/ In Scotch law, the privilege of competency. A privilege which the grantor of a gratuitous obligation was entitled to, by which he might retain sufficient for his subsistence, if, before fulfilling the obligation,… …
75cessio bonorum — /ses(h)(i)yow banoram/ In Roman law, cession of goods. A surrender, relinquishment, or assignment of all his property and effects made by an insolvent debtor for the benefit of his creditors. The term is commonly employed in continental… …
76contribution — Right of one who has discharged a common liability to recover of another also liable, the aliquot portion which he ought to pay or bear. Under principle of contribution, a tort feasor against whom a judgment is rendered is entitled to recover… …
77emptio bonorum — /em(p)sh(iy)ow banoram/ A species of forced assignment for the benefit of creditors; being a public sale of an insolvent debtor s estate whereby the purchaser succeeded to all his property, rights, and claims, and became responsible for his debts …
78preferential assignment — An assignment of property for the benefit of creditors, made by an insolvent debtor, in which it is directed that a preference (right to be paid first in full) shall be given to a creditor or creditors therein named over other creditors. Such… …
79assignee in insolvency — The person to whom an insolvent debtor makes an assignment for the benefit of his creditors. See trustee in bankruptcy …
80bankruptcy — A system of jurisprudence, which, while statutory, is comparable to equity or admiralty. The law whereunder an insolvent debtor may bring all his assets not exempt from execution into court and have them administered and sold for the benefit of… …
