VPRS 12468 Court of Insolvency Estates Cash Book

Full description

This volume summarised for each estate under the supervision of the Court the financial position of the estate at any one time.

This series was part of the mandatory accounting procedures for bankrupt estates established under Sections 54 to 63 of the Insolvency Act 1897. The Act mandated the keeping, form and operation of this account by the Chief Clerk. Assignees and trustees of estates were to pay into designated bank accounts each week all moneys received as assignee or trustee, furnishing the Chief Clerk with the details of this transaction. When necessary for carrying on the insolvents business or meeting any claims on the estate, money could be paid out of the account as authorised by the court or by a police magistrate. Any unclaimed moneys or any surplus funds in the account for an estate was to be paid to the Treasury for investment.

Each page in the standard volume is designed to record details of payments to and from the court in relation to the insolvency of one estate being headed In the Estate of [Name] of [Address] No and {Name] Assignee or Trustee. The number given is that assigned the case in the Insolvency Court Register which was a simple running number. Receipts (DR) and disbursements (CR) are recorded on the one page. Details of receipts were entered under the headings of Date, Amount, Total, Cash Book Folio (referring to the Insolvency Accounts Cash Book) and Voucher No.. On the disbursements side, details were entered under the headings of Date, To Whom Paid (the assignee or trustee of the estate or the Receiver of Revenue), Amount and Cash Book Folio.

The P1 consignment of VPRS 12468 was previously registered as VPRS 10551 unit 4. It was reserialised in 2001 as part of the ARAD Project.