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

译者崇载，国际名校知识产权法专业，擅长翻译有关人工智能、机器学习和机器人技术领域的法律文件。