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: PotatOS actually ships with a 5rot26 cryptography program.
gollark: Alternatively, bit hacking I guess, ASCII is designed for that.
gollark: You would need to use ”””subtraction""""" and "modulo".
gollark: You need to do SLIGHTLY more arithmetic than that.
gollark: As planned.
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