dirt for debt transfer

dirt-for-debt transfer. A transaction in which a bankrupt debtor satisfies all or part of a secured debt by transferring the collateral to the creditor. [Cases: Bankruptcy 3564. C.J.S. Bankruptcy § 397.]

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词条贡献者

法律翻译王漾，在一家顶尖英国律师事务所的上海办公室担任全职法律翻译，专注翻译各类与大中华业务有关的法律文件。