Official Assignee

An Official Assignee is an officer in the law court who distributes a bankrupt's assets to the creditors. He also assists the bankrupt to relieve of his obligations to the creditors.

Under the bankruptcy system operating in the United Kingdom before 1869, such officers were appointed by the Lord Chancellor, accountants or from the commercial world.[1]

Notes

  1. David M. Walker (1980). The Oxford Companion to Law. Clarendon Press. p. 901.


gollark: ~~TRADE~~
gollark: Anyone want a word-coded-ish CB Ridgewing (`ItGoz`)?
gollark: ~~Have:CB Thunder (https://dragcave.net/lineage/FIgNw)Want (if offering multiple dragons, only one may be an egg, the others must be hatchlings): Other CB Trio dragon Any Magma and any Ice Multiple Carinas/Nebulae CB Tan Ridgewing Other Thing which is CoolThere is no trade link. My magi - and the egg - are on cooldown.~~
gollark: Anyone got anything good for an astrapi xenowyrm egg? It's on cooldown, so I will only be able to accept offers tomorrow.
gollark: How does one get a pink prize? There seemed to be one in that lineage.
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