Encyclopædia of the Laws of England, Vol. 2

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Excerpt from Encyclopædia of the Laws of England, Vol. 2: Being a New Abridgment by the Most Eminent Legal Authorities This statute recites that divers and sundry persons, craftily obtaining into their hands great substance of other men's goods, do suddenly ¿ee to parts unknown, or keep their houses, not minding to pay or restore to any their creditors their debts and duties, but at their own wills and pleasures consume the substance obtained by credit of other men for their own pleasure and delicate living, against all reason, equity, and good conscience. What the law had its eye upon here was evidently the fraudulent debtor. For redress, the Lord Chancellor, Lord Treasurer, the Chief Justices of either bench, and others of the Privy Council, are by the Act empowered, on complaint, by their wisdoms and discretions to take the offender, his lands, tenements, annuities, and offices, as well as his money, goods, chattels, wares, merchandise, and debts, wheresoever they may be found, and to sell them for satis faction Of the creditors, that is to say, to every of the said creditors a portion, rate and rate alike, according to the quantity of their debts. Here is bankruptcy in embryo. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.