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Definition Of:

bankrupt

Bible DictionaryHMCS Legal Terms
Insolvent - unable to pay creditors and having all goods/effects administered by a liquidator or trustee and sold for the benefit of those creditors; as a result of an order under the Insolvency Act 1986 
By Her Majesty's Courts Service. Published under Crown Copyright.
Bible DictionaryCanadian Insolvency Dictionary
A person who has made an assignment or against whom a receiving order has been made, or the legal status of that person.

 

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