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Commissioner of Bankruptcy (England and Wales) : ウィキペディア英語版 | Commissioner of Bankruptcy (England and Wales) A Commissioner of Bankruptcy (England and Wales) was, from 1571 to 1883, an official appointed (initially by commission of the Lord Chancellor) to administer the estate of a bankrupt with full power to dispose of all his lands and tenements.〔W Blackstone, Comm. Laws Eng. II. 285〕〔Commissioner of bankrupt. ''Oxford English Dictionary'', Oxford University Press, 2013〕 Bankrupts were defined as insolvent persons engaged in trade or business and kept distinct from other insolvents until 1861. The proceedings of that administration were the distribution of the property of an insolvent person to that person's creditors in proportion to the debts. ==History== The first formal regulation of the distribution of the property of an insolvent person to that person's creditors was by the Statute of Bankrupts 1542. Administration was delegated to certain members of the Privy Council and the chief justices of King's Bench and Common Pleas.
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