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bankruptcy order

Line breaks: bank|rupt¦cy order

Definition of bankruptcy order in English:

noun

English Law
An order of the court declaring a person bankrupt and placing their affairs under the control of a receiver or trustee. Compare with receiving order.
Example sentences
  • That was the debt on which the court made the bankruptcy order.
  • This is an involuntary effect of the law relating to bankruptcy which transfers the bankrupt's interest to his trustee in bankruptcy when a bankruptcy order is made.
  • He presented his own petition for bankruptcy; and a bankruptcy order was made on that petition on 8 June 1994.

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words