voluntary assignment
Defined in 5 dictionaries — Case Law, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)
Definitions from Case Law
From 269 U.S. 483 - Bramwell v. United States Fidelity & Guaranty Co. · 1926Most cited · 460 citing opinions
Taken together, these sections mean that a debt due the United States is required first to be satisfied when the possession and control of the estate of the insolvent is given to any person charged with the duty of applying it to the payment of the debts of the insolvent, as the rights and priorities of creditors may be made to appear.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
An assignment made by a debtor in trust for the benefit of his creditors. So called in contradistinction from "compulsory assignments," or such as are made under statutes of bankruptcy and insolvency, or by order of some competent court. Burrill, Assignm. p. 4; 10 Paige (N. Y.) 445; 1 Comst. (N. Y.) 201.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
See Voluntary Conveyance; Bonns v. Carter, 22 Neb. 514, 35 N. W. 394.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
An assignment for the benefit of his creditors made by a debtor voluntarily; as distinguished from a compulsory assignment which takes place by operation of law in proceedings in bankruptcy or insolvency. Presumably it means an assignment of a debtor's property in trust to pay his debts generally, in distinction from a transfer of property to a particular creditor in payment of his demand, or to a conveyance by way of collateral security or mortgage. Dias v. Bouchaud, 10 Paige. (N. Y.) 445.
Defined under Assignment in Black's Law Dictionary.