adjudication in bankruptcy
- The determination, whether by decree or by operation of law, that a person is a bankrupt. Bankruptcy Act § 1(2) (11 USC 1(2)); 9 Am J2d Bankr § 264.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
adjudication of bankruptcy — /əˌdʒu:dɪkeɪʃ(ə)n əv bæŋkrʌptsi/ noun a legal order making someone bankrupt … Dictionary of banking and finance
date of adjudication in bankruptcy — The date of the filing of any petition which operates as an adjudication, or the date of entry of a decree of adjudication, or, if such decree is appealed from, then the date when such decree is finally confirmed or the appeal is dismissed. Bankr … Ballentine's law dictionary
adjudication — I noun act of judgment, adjudgment, arbitrage, arbitrament, arbitration, authoritative decision, award, conclusion, decision, declaration, decree, deliberate determination, determination, determination of issues, disposition, edict, final… … Law dictionary
bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… … Black's law dictionary
bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy … Law dictionary
Adjudication — Ad*ju di*ca tion, n. [L. adjudicatio: cf. F. adjudication.] 1. The act of adjudicating; the act or process of trying and determining judicially. [1913 Webster] 2. A deliberate determination by the judicial power; a judicial decision or sentence.… … The Collaborative International Dictionary of English
adjudication — [ə jo͞o΄di kā′shən] n. 1. the act of adjudicating 2. Law a) a judge s decision b) a decree in bankruptcy determining the status of the bankrupt adjudicative [ə jo͞o′dəkāt΄iv, ə jo͞o′dəkə tiv] adj … English World dictionary
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
Adjudication — A legal ruling or judgment. Adjudication can also refer to the legal process of hearing and settling a case. It usually refers to the final judgment or pronouncement in a case that will determine the course of action taken in reference to the… … Investment dictionary
adjudication — 1) The judgment or decision of a court, especially in bankruptcy proceedings. 2) An assessment by the Commissioners of Inland Revenue of the amount of stamp duty due on a document. A document sent for adjudication will either be stamped as having … Accounting dictionary