Legally insolvent

Usage examples of bankrupt.

If bankrupt, he should be condemned, as formerly, to the pillory on the Place de la Bourse, and exposed for two hours, wearing a green cap.

The object of a bankrupt, like that of other persons whose interests are thwarted by any law, is to make void the law in his particular case.

Posted in the side-scenes are the bankrupt and his solicitor, the attorney of the creditors, the assignees, the agent, and the judge-commissioner himself.

At the period of our history, the solicitors frequently sought the judge with the request that he would appoint an agent whom they proposed to him, --a man, as they said, to whom the affairs of the bankrupt were well-known, who would know how to reconcile the interests of the whole body of creditors with those of a man honorably overtaken by misfortune.

This assembly, in which are found pretended creditors introduced by the bankrupt,--the only electors who never fail to come to the meeting,--proposes the whole body of creditors as candidates from among whom the commissioner, a president without power, is supposed to select the assignees.

Thus it happens that the judge almost always appoints as assignees those creditors whom it suits the bankrupt to have,--another abuse which makes the catastrophe of bankruptcy one of the most burlesque dramas to which justice ever lent her name.

The honorable bankrupt overtaken by misfortune is then master of the situation, and proceeds to legalize the theft he premeditated.

This important action brings out much clever diplomacy, on the part of the bankrupt, his assignees, and his solicitor, among the contending interests which cross and jostle each other.

But the bankrupt had signed the illicit notes with the name of his insolvent firm, and he was therefore able to bring them under the reduction of sixty-five per cent.

The law requires that while the drama is being acted, the creditors shall provide for the support of the bankrupt and his family.

The expenditures of the bankrupt have been disproportional to his fortune.

There is cause to arraign the bankrupt on a charge of wilful bankruptcy.

The steps taken by Molineux, and agreed to by the bankrupt, were as follows: The suit relating to the mortgage on the property in the Faubourg du Temple having been won in the courts, the assignees decided to sell that property, and Cesar made no opposition.

But though the law compels the bankrupt to appear, it has no power to oblige the creditor to do so.

The bankrupt gathered courage as he felt the indulgences shown to him, and he got into the coach with his uncle and Ragon.