Massachusetts General Laws ch. 185 sec. 94 – Registration of notices in insolvency and copies of decrees in bankruptcy
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Section 94. Such notices in insolvency and copies of decrees in bankruptcy as are required in the case of unregistered land to be recorded, shall, if the debtor owns registered land, be filed with the assistant recorder and registered.
Terms Used In Massachusetts General Laws ch. 185 sec. 94
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Trustee: A person or institution holding and administering property in trust.
An assignee in insolvency or trustee in bankruptcy shall be entitled to the entry of a new certificate of registered land of the debtor or bankrupt upon presenting and filing a certified copy of the assignment in insolvency or decree of adjudication in bankruptcy; but the new certificate shall state that it is entered to him as assignee in insolvency or trustee in bankruptcy.