Scots law. A bankruptcy; the stage of insolvency in which the debtor has publicly acknowledged insolvency under the statute. • This stage is usu. followed by sequestration, which is notorious insolvency coupled with the appointment of a trustee for creditors. — Also termed notour bankruptcy.
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notorious insolvency. Scots law. A bankruptcy; the stage of insolvency in which the debtor has publicly acknowledged insolvency under the statute. • This stage is usu. followed by sequestration, which is notorious insolvency coupled with the appointment of a trustee for creditors. — Also termed notour bankruptcy. “Bankruptcy, according to the law of Scotland, is
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notorious insolvency 众所周知的无力偿债 在苏格兰法中，指某人无力偿还债务已是众所周知的事实，或已为其商业伙伴普遍了解。此时，通常会随之以财产暂管〔sequestration〕，为其债权人指定财产受托人。
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