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Trustee for insolvent debtor

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 12 U.S. 36 - Bank of Alexandria v. Herbert · 1814Most cited · 4 citing opinions

The resemblance between the trustee for the estate of an insolvent debtor in the district of Columbia and the assignees of a bankrupt is admitted; yet a clear distinction exists between the cases cited at bar and that before the Court. In those cases the deed was declared void without any view to creditors. In this case the deed is declared void for the particular benefit of creditors. To set up this deed against the creditors would be to defeat the very object for which the law was made.