How to use bankrupt person in a sentence? Find typical usage patterns (collocations)/phrases/context for "bankrupt person" and check conjugation/comparative form for "bankrupt person". Mastering all the usages of "bankrupt person" from sentence examples published by news publications.
"Comms Team signing off... forever: Jared, you are the most disgustingly morally bankrupt person I have ever had the displeasure of working with," Gareth Arnold tweeted from the account of Jared O'Mara, who represents the Sheffield Hallam constituency.
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It's an amazing thing, to hear a professional athlete, a man who has dedicated himself to a particular craft for so long, and so successfully, tell a group of reporters—a man so successful that he subsidizes employment for countless others—that he's been denigrated by a morally-bankrupt person or group of people.
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The estate (or assets) of a bankrupt person is administered by a trustee in bankruptcy. The legal position in all common law countries is similar in this respect.
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In early July 2019, O'Mara said that he would stand for re-election at the next general election. On 23 July 2019, Gareth Arnold, a member of O'Mara's communications team, took to the latter's Twitter account to publicly resign and voice his concerns about the MP. Arnold said that O'Mara was "the most disgustingly morally bankrupt person [he had] ever had the displeasure of working with" and had shown "inexcusable contempt" for his constituents. He told O'Mara to call a by-election. On 25 July 2019, O'Mara released a public statement, apologising "to everybody for everything".
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However anybody was subject to the ill treatment, generally those who committed repeated offenses. Torture remained a means to obtain information, including forced confession, by the civil courts throughout most the eighteenth century despite it was opposed by the Bishop and by the Inquisitor. The Castellania made provisions to limit torture with the Code de Rohan when subjects were not to be tormented more than an hour. Word of mouth has it that an individual would have his debt paid when a third person or group would offer to pay it off if the bankrupt person undergoes the corda, serving as public entertainment.
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Many U.S. states enacted their own versions of the Statute of 13 Elizabeth after the American Revolution. The Act was later superseded by the Uniform Fraudulent Conveyances Act of 1918 (UFCA), which in turn was superseded by the Uniform Fraudulent Transfer Act of 1984 (UFTA). To date, UFTA has been enacted in 43 states and the District of Columbia. Both the Bankruptcy Act of 1938 and the Bankruptcy Reform Act of 1978 also included their own versions of the UFCA, thus ensuring that bankruptcy trustees can "avoid" (in other words, reverse) fraudulent transfers made by the bankrupt person within a certain time window before they filed for bankruptcy.
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Interim trustee is a term of art in section 701 of the Bankruptcy Code, Title 11 of the United States Code. When a case under Chapter 7 of the Code is commenced, the United States Trustee immediately appoints an interim trustee for that case. The most important immediate duty of the interim trustee is to conduct the first meeting of creditors (sometimes called the "341 meeting"), at which the bankrupt person is required to appear and respond to questions under oath concerning the person's assets and debts (see generally ). If the creditors do not elect some other person qualified to serve as trustee for the case, then the interim trustee becomes the "permanent" trustee.
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If a bankruptcy order is made the administration of the bankrupt person's affairs is handled by a trustee in bankruptcy who must be either an official receiver (a civil servant) or a licensed insolvency practitioner appointed either by the Secretary of State or by the creditors at a meeting called for that purpose. The bankrupt's assets (excluding tools of his trade and other essentials) vest in his trustee who is obliged to realise them (generally by selling them) to pay a dividend to creditors. A bankrupt person is subject to certain restrictions, principally that he may not raise credit without informing the person from whom he is borrowing that he is a bankrupt, and that he may not act as a director of a company. He is also subject to obligations to give information to his trustee and to cooperate with him in the administration of his affairs.
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