VPRS 757 Register of Insolvencies

This series was created to register insolvency cases heard at the Insolvency Court.The Register of Insolvencies lists, in summary form, details of all cases of insolvencies dealt with by the Melbourne Court of Insolvency (VA 2304).The role of the Insolvency Court was to:- receive applications for and determine whether to grant Orders of Sequestration- monitor the implementation of these orders- grant Certificates of Discharge certifying that an insolvent had fulfilled the obligations of the Order.An Order of Sequestration was the order made by the Court of Insolvency temporarily giving control of an insolvent person's property to one or more other people. These people were called assignees or trustees and were usually a court official. They were responsible for determining how an insolvent person's property and assets should be distributed between his or her creditors. Sequestration could be voluntary, that is, a person could come before the Court and declare themselves insolvent, or it could be compulsory, that is, one or more of a person's creditors could petition the Court for an Order.The Law Department instructed Clerks of Courts of Insolvency to keep several types of records including an Insolvency Court Register ( refer to VPRS 15935)and a Register of Insolvencies, (this series VPRS 757.The Court of Insolvency Register ( VPRS 15935) was used to record the court's decision with regard to an application for an Order of Sequestration and related court orders. When an Order of Sequestration was made by the Court, the clerk would make an entry in the Register of Insolvency (i.e.this series) detailing the insolvent's assets and debts.In 2006 this series was reserialised. The following table describes the new arrangements:- VPRS 757/P0, units 1 and 2 remain as they were;- VPRS 757/P0, units 3 to 7 became VPRS 15935/P1, units 1 to 5, Court of Insolvency Register- VPRS 757/P0, unit 8 became VPRS 758/P2, unit 1, General Index to Melbourne Insolvencies.The end date of this series is subject to research.