Definition of bankruptcy order in English:

bankruptcy order


English Law
  • An order of the court declaring a person bankrupt and placing their affairs under the control of a receiver or trustee.

    Compare with receiving order
    • ‘That was the debt on which the court made the bankruptcy order.’
    • ‘He presented his own petition for bankruptcy; and a bankruptcy order was made on that petition on 8 June 1994.’
    • ‘This is an involuntary effect of the law relating to bankruptcy which transfers the bankrupt's interest to his trustee in bankruptcy when a bankruptcy order is made.’
    • ‘Whatever the merit of the point, it is hardly an appropriate basis on which to issue a bankruptcy petition or a sufficient ground to support a bankruptcy order.’
    • ‘On 7 August 2002, immediately prior to making the bankruptcy order, the judge made two further orders.’