Adjudication in credit parlance is often connected with bankruptcy. Someone who is judged as being not able to pay their debts as they fall due is ‘adjudicated bankrupt’.
In wider legal parlance, adjudication is the pronouncement of a judge of a decision in Court.
In Scotland, the legal process of Adjudication for Debt is a long established process, first enacted in 1672, that allows someone who is owed money, and who has gone to court and has obtained a Decree, the ability to take security over a property, usually land. Unless the debt is repaid, the person owed money can obtain ownership after 10 years. In 2007 it was decided to abolish Adjudication – sometimes called Adjudication in Debt – and the underlying law remains to be put into play.
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