What is CESSION DES BIENS

In French law . The surrender which a debtor makes of all his goods to his creditors, when he finds himself In insolvent circumstances . It is of two kinds, either voluntary or compulsory, (judiciaire,) corresponding very nearly to liquidation by arrangement and bankruptcy in English and American law. CESSION OF GOODS 186 CHALDRON CESSION OF GOODS. The surrender of property; the relinquishment that a debtor makes of all his property to his creditors, when he finds himself unable to pay his debts. Civil Code La. art 2170