Definition:
Act of Bankruptcy
Back to Finance Glossary | Previous Page
An act of bankruptcy is an action by a debtor that could be a basis for creditors to file a bankruptcy petition against the debtor.Such actions might include concealing assets, defrauding creditors, favoring one creditor over another or admitting in written a willingness to be adjudged bankrupt.
Latest Articles Related to Act of Bankruptcy
Back to Finance Glossary | Previous Page
This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.
