Acting as an assignee in bankruptcy

[Jane0601]

What did this mean in practice? 

I've just found this article from a newspaper in November 1860.  The highlighted chap, William Estwick, was my 3xgreat grandfather.  Just wondered what he actually would have had to do in this case - would he have had to put up any kind of financial backing or is it the equivalent of when a company calls in the administrators today?

[Berlin-Bob]

Hi Jane,

Have a look at the two topics on Bankrupty in the
RootsChat Reference Library => Lexicon ^{(click here)}

I think there is some background info. there.

regards,
Bob

[Jane0601]

Thanks for that! Very useful.  There was a useful link to a TNA page too which I'm going to have a read through now.