OF BANKRUPT

2 definitions found across Law Mind sources

OF BANKRUPTAuthored
The Law Mind • 704 words
Definition
"Of bankrupt" denotes the formal examination or interrogation of a debtor who has been adjudicated bankrupt, conducted as part of the official bankruptcy proceedings. The examination is a procedural mechanism through which creditors, trustees, and the court may compel the bankrupt to answer questions under oath regarding the nature, extent, and disposition of their assets, the circumstances of their insolvency, and any transactions that may have prejudiced creditors. It is not a separate proceeding but a defined stage within the broader bankruptcy process.
Common Confusion
"Of bankrupt" should not be confused with "of bankruptcy," which refers more broadly to matters pertaining to the bankruptcy proceeding or system generally. The genitive construction in "of bankrupt" specifically identifies the person being examined, not the subject matter of the law. Similarly, researchers should not conflate the examination of a bankrupt with the examination of witnesses in bankruptcy — historically distinct procedures governed by different rules and serving different purposes.
Why It Matters in Research
The phrase "of bankrupt" functions as a genitive construction identifying whose examination is at issue — the bankrupt's own interrogation, as distinguished from examinations of third parties such as witnesses, creditors, or transferees. Researchers encountering this phrase in historical sources should recognize it as a term of procedure rather than status: it does not describe the condition of being bankrupt but rather a specific act performed upon the bankrupt by legal authority. This distinction matters when searching historical treatises and court records. Nineteenth-century bankruptcy practice produced a substantial body of procedural rules governing when and how such examinations could be compelled, what subjects fell within their scope, and what consequences attached to a bankrupt's refusal to answer or false answering. The examination of a bankrupt could expose the debtor to criminal liability for concealment or fraud, making it a legally consequential proceeding rather than a mere administrative formality. In the Law Mind corpus, this term will appear most frequently in works addressing English bankruptcy law and its American reception, particularly in materials from the period governed by the English Bankruptcy Acts and the successive U.S. bankruptcy statutes of 1800, 1841, 1867, and 1898. Researchers should be alert to the fact that procedural details — who could compel the examination, before what officer, at what stage — varied considerably across these regimes. A description of the examination "of bankrupt" in an 1850 treatise may not accurately reflect practice under the 1898 Act. The phrase is also worth distinguishing from related discovery mechanisms that emerged in modern bankruptcy practice. Under contemporary federal bankruptcy law, the examination of a debtor is conducted primarily through the Section 341 meeting of creditors and, where warranted, Rule 2004 examinations. The historical "examination of bankrupt" is the ancestor of these mechanisms, but the terminology has largely been replaced.
Historical Dictionary Support
Black's Law Dictionary defines the term economically: "This is the interrogation of a bankrupt, in the course of proceedings in bankruptcy." The entry is sparse, functioning more as a pointer than a substantive definition. Black's does not elaborate on the procedural context, the scope of permissible interrogation, or the legal consequences of the examination — details that were well-settled in the practice literature of the period but apparently treated as outside the dictionary's scope. The brevity of Black's entry reflects the term's status as a phrase of art within a highly developed procedural system that practitioners were expected to know from treatises and court rules rather than dictionaries. What the entry confirms is the narrow, technical meaning: this is an act done to the bankrupt by the legal process, not a description of the bankrupt's condition or a synonym for the bankruptcy case itself. Historical legal dictionaries in this tradition generally agree that the examination was a compulsory proceeding and that the bankrupt had limited privilege against answering, particularly on matters touching asset concealment. Sources diverge on whether the examination served primarily inquisitorial or adversarial functions — a tension that modern scholarship on bankruptcy history has continued to examine.
Related Terms
Bankruptcy; Bankrupt; Examination of Debtor; Meeting of Creditors; Discharge in Bankruptcy; Trustee in Bankruptcy; Rule 2004 Examination; Insolvency; Concealment of Assets; Fraudulent Conveyance
OF BANKRUPTmain
Black's Law Dictionary • 1891
This is the interrogation of a bankrupt, in the course of proceedings in bankruptcy,

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