Lecture "Bankruptcy"

Excerpts
Description

This lecture outlines topics related to bankruptcy law in Virginia. This excerpt taken from George Calvert's notes outlines the duties of executors and administrators of estates as well as the process for dispensing with property and chattel including enslaved persons. 

Excerpt

"9b. Duties of Executors and Administrators

1c. To buy deceased decently, according to his [?]

2c. To prove the will if there be one to qualify etc. wherein of

1d. Mode of proceeding and therein consider

2e. 1e. Court having jurisdiction

2e. Proceedings ex parte

3e. Proceedings inter partes

2d. Oath

3. Bond security

1e. Payable at Commonwealth

2e. Amount of penalty

3e. Condition

1d. As to penalty

2d. As to realty

4e. Liability of justice for no bond or insufficient security etc.

5e. Remedy on bond

1d. Judgement against estate and to whom of no effect

2d. Action on bond for [?] limitations thereof—effect of previous judgement [?]

3d. Relief to securities and to others concerned

  • 1d. By counter security
  • 2d. By new bond

6e. Place of deposit of original will and grant of letters of probate

7e. Territorial extent of power conferred by letter of probate or of administration

  • 1f. In England
  • 2f. In Virginia

Confined to limits of Commonwealth

  • 8e. Proof of foreign will
    • 1b. When will is abroad
    • 2b. When witnesses reside abroad
    • 3b. In foreign language

3c. Make an inventory or appraisement

  • 1d. Of chattels and credit (debts)
    • Debts may be rates as [?], desperate and doubtful

2d. Of lands to be sold

4c. Collect the estate; wherein of

  • 1d. Sale of perishable property first and if necessary of other property
  • 1e. What sold
  • 2e. Reservation of slaves
  • 3e. Terms of credit or cash, sale public
  • 4e. Collusion of purchaser with [?]
  • 5e. Account of sales"
Description

This excerpt continues with an outline of Virginia law concerning bequests (including of enslaved persons) to widows. 

Excerpt

"Precatory Bequests

  • Donations mortis causa
  • Distribute residuum; wherein consider
  • Widows share
  • If husband leave issue by her one third slaves for life
  • If husband leave no issue by her when she [?]
  • All the chattels which came by her which remain in kind
  • Of the husband’s original chattels, if he left no issue by another marriage
  • If he did leave such issue ½
  • Slaves in fee part for life only
    • Slaves of remaining distributes
      • Same as heirs of land, except
      • Alianage no ban (?)
      • Infant and adult same law
      • If decedent married woman, husband her sole distribute
    • If none of take Commonwealth succeeds
    • Form and law of distribution
      • End of Book II"
Date