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ADJUDICATION ( See also: case by the exercise of judicial power; a See also: judgment
.
In a more technical sense, in See also: English and See also: American See also: law, an adjudication is an See also: order of the bankruptcy courts by which a debtor is adjudged bankrupt and his See also: property vested in a trustee
.
It usually proceeds from a See also: resolution of the creditors or where no composition or scheme of arrangement has been proposed by the debtor
.
It may be said to consummate bankruptcy, for not till then does a debtor's property actually vest in a trustee for division among the creditors, though from the first See also: act of bankruptcy till adjudication it is protected by a receiving order
.
As to the effect which adjudication has on the bankrupt, see under BANKRUPTCY
.
The same See also: process in Scots law is called See also: sequestration
.
In Scots law the See also: term " adjudication " has quite a different meaning, being the name of that See also: action by which a creditor attaches the heritable, i.e. the real, estate of his debtor, or his debtor's heir, in order to appropriate it to himself either in payment or security of his See also: debt
.
The term is also applied to a proceeding of the same nature by which the holder of a heritable right, labouring under any defect in point of See also: form, gets that defect supplied by decree of a See also: court
.
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