Act of bankruptcy

(redirected from Bankruptcy Act)
Also found in: Dictionary, Financial, Wikipedia.
Related to Bankruptcy Act: rules of court

ACT OF BANKRUPTCY. An act which subjects a person to be proceeded against as a bankrupt. The acts of bankruptcy enumerated in the late act of congress, of 19th Aug. 1841, s. 1, are the following: 1. Departure from the state, district, or territory of which a person, subject to the operation of the bankrupt laws, is an inhabitant, with intent to defraud his creditors. See, as to what will be considered a departure, 1 Campb. R. 279; Dea. & Chit. 4511 Rose, R. 387 9 Moore, R. 217 2 V. & B. 177; 5 T. R. 512; 1 C. & P. 77; 2 Bini,. R. 99; 2 Taunt. 176; Holt, R. 175.
     2. Concealment to avoid being arrested. 1 M. & S. 676 ; 2 Rose, R. 137; 15 Ves. 4476 Taunt. R. 540; 14 Ves. 86 Taunt. 176;1 Rose, R. 362; 5 T. R. 512; 1 Esp. 334.
     3. Willingly or fraudulently procuring himself to be arrested, or his goods and chattels, lands, or tenements to be attached, distrained, sequestered, or taken in execution.
     4. Removal of his goods, chattels and effects, or concealment of them to prevent their being levied upon, or taken in execution, or by other process.
     5. Making any fraudulent conveyance, assignment, sale, gift, or other transfer of his lands, tenements, goods, or chattels, credits, or evidences of debt. 15 Wend. R. 588; 5 Cowen, R. 67; 1 Burr. 467, 471, 481; 4 C. & P. 315; 18 Wend. R. 375; 19 Wend. R. 414; 1 Dougl. 295; 7 East, 137 16 Ves. 149; 17 Ves. 193; 1 Smith R. 33; Rose, R. 213.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
class="MsoNormalUnder the old Bankruptcy Act, someone who voluntarily presented himself or herself in court could nominate just about anyone to manage their estate once declared bankrupt.
Although the wording of the "fiduciary capacity" exception to discharge has evolved with the enactment of each successive Bankruptcy Act, the Supreme Court (in Davis) and lower courts have consistently applied the Court's decisions as though the wording has remained fixed.
Current Bankruptcy Act not only retained but also expanded the range of separate debtors, covered by Bankruptcy peculiarities, which provisions contain the Part VII of the Act.
a framework under the 1898 Bankruptcy Act that had sharply limited the
"Synchronising Bankruptcy Act with RERA may be a better way to tackle this problem," ASSOCHAM Secretary General D S Rawat said.
The government on Thursday promulgated an Ordinance to make changes to the Insolvency and Bankruptcy Act. It said the winter session of Parliament should"normally have been sitting at this time as this has been the practice for over half a century".
exists primarily under the Bankruptcy Act of 1898 and prior federal
It didn't matter how much experience you had with the Bankruptcy Act of 1898, as amended by the Chandler Act, (5) because the Code was new and it was comprehensive.
Once we got past that point, the demonization of the commercially defeated reached its logical culmination with the Insolvency and Bankruptcy Act of 2016.
The Discharge Student Loans in Bankruptcy Act (H.R.
Bankruptcy Act confers many benefits upon debtors, (20) it does not