clear of encumbrance

See: solvent
References in periodicals archive ?
The process will allow a buyer of any of the Company's assets to purchase the assets free and clear of encumbrances pursuant to an Order of the Court.
SCA") or to any other successful bidder, free and clear of Encumbrances other than those to which Purchaser or such other successful bidder has agreed to take subject (the "Sale Order").
s existing portfolio of revolving charge accounts and charge sales that consists of (i) claims against bankrupt customers and (ii) accounts that have been turned over to collection agencies and/or attorneys to Pat Comeford ("Purchaser") for $18,000 free and clear of Encumbrances other than those to which Purchaser has agreed to take subject (the "Sale Order") for signature to the Honorable Jeffry H.