notour bankrupt

British  

noun

1. Scots law a bankrupt who has failed to discharge his or her debts within the days of grace allowed by the court

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Example Sentences

Though no person can now be imprisoned for ordinary debts, a creditor of a notour bankrupt may present a petition to the sheriff, praying him to decern that the debtor assign over all his goods for behoof of his creditors and that a trustee be appointed; and this proceeding is still designated a process of cessio bonorum.

From Project Gutenberg

The statute defines "a notour bankrupt" to be any debtor who, being under diligence by horning or caption, at the instance of his creditors, shall be either imprisoned, or retire to the abbey or any other privileged place, or flee or abscond for his personal security, or defend his person by force, and who shall afterwards be found, by sentence of the lords of session, to be insolvent.

From Project Gutenberg