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Simple English definitions for legal terms
register in bankruptcy
Read a random definition: N.B.
A quick definition of register in bankruptcy:
A register in bankruptcy is a federal judicial officer who used to administer bankruptcy proceedings before the Bankruptcy Reform Act of 1978. They were replaced by bankruptcy judges. They were also known as referees in bankruptcy. Their role was to assist with certain proceedings and take testimony before reporting to the court.
A more thorough explanation:
A register in bankruptcy is a federal judicial officer who used to administer bankruptcy proceedings. They were replaced by bankruptcy judges after the Bankruptcy Reform Act of 1978. They were also known as referees in bankruptcy.
For example, if a person or a company files for bankruptcy, a register in bankruptcy would oversee the proceedings and make sure everything is done according to the law.
Another example is that a register in bankruptcy would have the authority to sell the assets of the bankrupt company to pay off its debts.