bankruptcy assets
101interim receiver — A person appointed by the Court to be a watchdog regarding the assets of a debtor during that time between the application to the Court for a Receiving Order and the time where the Receiving Order is handed down. An Interim Receiver may also be… …
102liquidation value — the aggregate value of a business if its assets are sold piecemeal (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
103receiver or receiver manager — A person or corporation appointed by a party who holds a security agreement, or by Court Order, giving the appointed party the authority to take possession of the assets specified in the security agreement or Court Order (Ontario Bankruptcy… …
104substantive consolidation — the combination of the estate of one debtor with the estate of one or more other debtors and the application of the combined estate to satisfy their combined liabilities. Substantive consolidation is often considered in the case of… …
105statement of affairs — The listing of a debtor s assets and liabilities and sworn under oath by the debtor before a lawyer or Commissioner for Taking Oaths. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
106bill of sale — An agreement in writing signifying that one person for a specific sum of money has acquired specific assets. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
107chattel — Assets that are movable and not attached to land or real property. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
108crystallization — That point in time where a contract or agreement triggers certain clauses in that contract. For example, when a bank appoints an Agent pursuant to its General Security Agreement, all the assets of the company in question, that are not secured by… …
109debenture — Security instrument evidencing a debt due from one party to another, payable on demand or otherwise, which can be a fixed and/or floating charge on assets and which can grant the lender broad powers to recover the amount due upon default,… …
110fixtures — Those assets that are attached to or are part of a building, or are fixed to land. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
