dirt for debt transferglossary / 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.] 词条贡献者 资深译员Betty,毕业于亚洲一流的高级翻译学院,专注翻译各种与商业移民有关的法律文件。