The Official Assignee was responsible for collecting the assets of an insolvent debtor and distributing them among the creditors; the Curator of Intestate Estates administered the estate of deceased persons, thought to have died intestate.
32.
A courthouse ( still standing ) and gaol for the use of the manor were built in the early 19th century at the corner of Long Lane and Bride St . Most of the prisoners were insolvent debtors.
33.
The Pennsylvania Supreme Court, upholding two lower court decisions, ruled in January 1997 that the Federal Tax Lien Act, which ranks creditors entitled to collect from an insolvent debtor, supplanted the pre-eminence of the federal government under the absolute priority statute.
34.
Under the Insolvent Debtors ( England ) Act 1813, debtors could request release after 14 days in jail by taking an oath that their assets did not exceed ?0, but if any of their creditors objected, they had to stay inside.
35.
The Model Law defines a cross-border insolvency is one where the insolvent debtor has assets in more than one state, or where some of the creditors of the debtor are not from the state where the insolvency proceeding is taking place.
36.
It was said that he had " overbusied himself with the traffic of Constantinople, to have brought it to Venice and to the Florentine territories . " In August 1611 he was confined in the king's bench as an insolvent debtor.
37.
Former Appeals Court chief justice Sansern Kraichitti, chairman of the Senate committee vetting the bankruptcy bill, said the difference in opinion is most pronounced over the relationship between the insolvent debtors on the one side and existing and future creditors on the other.
38.
Although the first Marshalsea survived for 500 years, and the second for just 38, it is the latter that became widely known, thanks largely to Charles Dickens, whose father, John Dickens, was sent there on 20 February 1824, under the Insolvent Debtor's Act 1813.
39.
On this view the function of trusts is to form part of a system of priorities among all rights ( regardless of their historical status as personal or property right ) when faced of conflicts over assets, particularly against other creditors of an insolvent debtor.
40.
In some legal systems, unsecured creditors who are " also " indebted to the insolvent debtor are able ( and in some jurisdictions, required ) to set-off the debts, which actually puts the unsecured creditor with a matured liability to the debtor in a pre-preferential position.
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