act of bankruptcy
act of bankruptcy 〈美〉破产行为 原联邦《破产法》〔Bankruptcy Act〕规定的可导致对债务人适用强制破产程序〔involuntary bankruptcy proceeding〕的行为，如债务人欺诈转让财产的行为。1979年《破产法典》〔Bankruptcy Code〕不再规定此种行为为强制破产的条件，而是概括规定了债务人不偿还其到期债务时即可强制破产。
Search Results for: involuntary bankruptcy
bankruptcy case
bankruptcy case. A proceeding commenced by filing a voluntary or involuntary petition under a bankruptcy statute. See BANKRUPTCY(1).
gap creditor
Bankruptcy. A creditor who extends credit to, lends money to, or has a claim arise against the debtor in the period between the filing of an involuntary bankruptcy petition and the entry of the order for relief. • Under the Bankruptcy Code, a gap creditor’s claim receives second priority, immediately below administrative claims. 11 USCA
gap period
gap period. Bankruptcy. The duration of time between the filing of an involuntary bankruptcy petition and the entry of the order for relief. — Often shortened to gap. [Cases: Bankruptcy 2281. C.J.S. Bankruptcy § 56.]
petition
petition, n. 1. A formal written request presented to a court or other official body. certiorari petition. A petition seeking discretionary review from an appellate court. See CERTIORARI. debtor’s petition. See voluntary petition. involuntary petition. A petition filed in a bankruptcy court by a creditor seeking to declare a debtor bankrupt. • This type of
priority claim
Bankruptcy. An unsecured claim that, under bankruptcy law, must be paid before other unsecured claims. • The Bankruptcy Code sets forth nine classes of claims, to be paid in order of priority: (1) administrative expenses of the bankruptcy estate, (2) involuntary gap claims, (3) wage claims, (4) contributions to employee benefit plans, (5) claims of