Bankrupt, though in possession, yet if if empowered to dispose of goods in trust for another, they are not liable to the bankruptcy, either in law or equity.
Citations:
[1716] EngR 13, (1716) 1 P Wms 314, (1716) 24 ER 404
Links:
Insolvency
Updated: 02 May 2022; Ref: scu.390676