I was looking into some trust documents today for a trust I'm the director of. I came across this clause: "any appointor who becomes bankrupt or is the object of an order for the sequestration of his or her estate will be deemed to have resigned as an appointor". The appointor of the trust has built up credit card debts of $30,000. The bank was unable to recover this money as he had no assets, no income and no way to pay it. I'm told the term used was he was "beyond judgement" due to his inability to pay. That seems equivalent to me to bankruptcy. Would he be considered to have resigned as appointor?