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Bankruptcy & insolvency
A brief overview of the administration of bankruptcy and a list of the main records series
How to find all the details of NSW bankruptcy and insolvency records
Bankruptcy is a state in which a person is unable to pay creditors and is required to undergo a legal process that usually results in liquidation the estate in order to meet expenses (at least in part).
Bankruptcy files contain lists of creditors that the bankrupt person owed money to and debtors that owed money to the bankrupt person
Insolvency is the inability to pay debts or meet expenses. Under early colonial law insolvency was treated as a different concept to bankruptcy (which involved an insolvents assets being administered and distributed to creditors)