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Bankruptcy and Insolvency records

Index to bankruptcy records, 1888-1928
Bankruptcy is a state in which a person is unable to pay creditors and is required to undergo a legal process that usually results in liquidation of his/her estate in order to meet expenses (at least in part). If a person is declared to be a bankrupt then he/she cannot operate a business for profit, enter a business contract or borrow money.
Index to insolvency records
Insolvency is the inability to pay your debts or meet your expenses. Under early colonial law insolvency was treated as a different concept to bankruptcy (which involved an insolvents assets being administered and distributed to creditors).