- bankruptcy order
(=receiving order) (Dictionary of Canadian Bankruptcy Terms)An Order handed down by the Court following the successful petition to have a person or company placed into bankruptcy. In an amendment dated December 15, 2004 this term was changed to Bankruptcy Order from Receiving Order. (Dictionary of Canadian Bankruptcy Terms)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
bankruptcy order — noun An order adjudging a debtor bankrupt • • • Main Entry: ↑bankrupt … Useful english dictionary
bankruptcy order — This indicates that a person is unable to pay their debts and, subject to certain exceptions, deprives them of their property. The property can then be sold in order to pay the person s creditors. HM Customs & Revenue Glossary * * * bankruptcy… … Financial and business terms
bankruptcy order — / bæŋkrʌptsi ˌɔ:də/ noun same as declaration of bankruptcy … Dictionary of banking and finance
application for a bankruptcy order — (= petition) (Dictionary of Canadian Bankruptcy Terms) The application made under the Bankruptcy and insolvency Act for the Court to hand down a Receiving Order (Bankruptcy Order) stating the person is in bankruptcy. In an amendment dated… … Glossary of Bankruptcy
order for relief — The actual court order determining that a debtor is subject to the control of the bankruptcy court. In a voluntary case, the order for relief is automatic upon the filing of the petition. In a contested involuntary case, the order for relief is… … Glossary of Bankruptcy
bankruptcy — also failure and insolvency a legal procedure for dealing with debt problems of individuals and business. A non technical term for a legal state of insolvency (Glossary of Common Bankruptcy Terms) A legal procedure for dealing with debt problems… … Glossary of Bankruptcy
bankruptcy sale — A free and clear sale of debtor s real estate or personal property conducted by the bankruptcy court through the trustee in order to obtain proceeds for distribution to creditors of the bankruptcy estate. (Bernstein s Dictionary of Bankruptcy… … Glossary of Bankruptcy
order nisi — A judgment or decree that will become final on a particular date unless set aside or invalidated by certain specified contingencies. In mortgage foreclosure actions, it is the order of the Court which accelerates the amount due under the mortgage … Glossary of Bankruptcy
order of sale — Legal status pursuant to a Court Order whereby a person can obtain the authority to arrange a sale, subject to Court approval, with the sale proceeds being available to satisfy valid encumbrances. (Dictionary of Canadian Bankruptcy Terms) United… … Glossary of Bankruptcy
order — A command of a Court or Judge. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy