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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

30 JUN 2009

Creditors one and all - History of Bankruptcy Shorts (HOBS)

I thought it might be interesting to the blog readers if I posted up some points of authority from bygone periods that might be of general interest. These will be called History of Bankruptcy Shorts (HOBS). Here is the first:

He that is a bankrupt to one creditor is accounted in law a bankrupt to all the creditors; and, being once adjudged so, is always so to the rest of the creditors - 22 Car.I. B.R.

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