Newly Discovered Assets Assets of a bankrupt coming to light after the closing of the estate in bankruptcy. Assets of a bankrupt which the bankrupt did not schedule, and which should have been administered for the benefit of the creditors. 9 Am J2d Bankr § 1273. Entente » « Ultra Mare Related Post Nemo Potest Esse Dominus Et Haeres No one can be both owner and heir. Nemo Debet Ex Alieno Damno Lucrari No one ought to profit out of the loss of another. Non Efficit Affectus Nisi Sequatur Effectus An intention is of no effect unless a result follows.