new debtor syndrome

new-debtor syndrome. Conduct showing a debtor’s bad faith in filing for bankruptcy, as a result of which the court may dismiss the bankruptcy petition. • An example is the debtor’s formation of a corporation, immediately before the bankruptcy filing, solely to take advantage of the bankruptcy laws. [Cases: Bankruptcy 2252. 1.]

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词条贡献者

译者Gary，毕业于国内一流的翻译学院，擅长翻译各种与合规与风控相关的法律文件。