BANKRUPTCY

Categories: Commercial Law

Definition (1910 Edition)

1. The state or condition of one who is a bankrupt; amenability

UK Law Commentary

Status: ⚠️ Renamed and updated. Now called 'Insolvency' for individuals. Key reforms: Enterprise Act 2002 substantially modernised the law.

Modern Application

📜 Insolvency Act 1986 • Enterprise Act 2002 • Deregulation Act 2015 • legislation.gov.uk

Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.