Bankrupt
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
A person who has committed an act of bankruptcy; one who has of his country, he is liable to be proceeded against by his ereditors for the seizure and distribution among them of his entire property,: j A trader who secretes himself or does cerfain other acta tending to defraud his creditors. 2 Bl. Comm, 471, Ina looser sense, an insolvent persen; a broken-up or ruined trader.
3 Story, 453.
A person who, by the formal decree of a court, haa been declared subject to be preeseded against under the bankruptcy laws, or entitled, on his voluntary application, to take the benefit of such laws.