Act of bankruptcy

(redirected from Bankruptcy Act)
Also found in: Legal, Financial, Wikipedia.
Related to Bankruptcy Act: rules of court
(Law) an act of a debtor which renders him liable to be adjudged a bankrupt.

See also: Act

References in periodicals archive ?
Although such case law as there is has tended to give s 271 of the Bankruptcy Act 1966 (Cth) a restricted scope, (55) it still seems unlikely that it deters gambling.
The Georgia Steel court relied on the predecessor to Section 502(d) in the Bankruptcy Act, this country's bankruptcy statute prior to the Bankruptcy Code, to disallow all of a creditor's claims, including its administrative expense claims, until the creditor had repaid all preferential transfers.
The Court then turned to the question of whether Trapeza was a proper creditor under the Bankruptcy Act of 1938 (also known as the Chandler Act).
In 2005, President Bush signed into law the Bankruptcy Act of 2005.
2947, the Financial Institution Bankruptcy Act of 2015.
consider[ing] additions to the Bankruptcy Act effected by the Frazier-Lemke Act .
In Australia, "bankruptcy" refers to personal insolvency, which is governed under the Bankruptcy Act 1966 (Cth), (32) while "insolvency" is the term used for corporate insolvency, which is governed by the Corporations Act 2001 (Cth).
Franklin Roosevelt's New Deal legislation unconstitutional--Agricultural Adjustment Act, Federal Farm Bankruptcy Act, Railroad Act, Coal Mining Act, and National Industrial Recovery Act.
In accordance with the Bank Bankruptcy Act, BNB requested that the Bulgarian Deposit InsuranceA Fund be informed of the procedure and commence preparation for appointment of an assignee in bankruptcy.
Mr Rolfe also submitted that the liability to deductions by way of set-off for which Investec contended was not available because first, the amount claimed by Mr Rolfe from Investec and any amount due by Mr Rolfe to Investec as surety for the obligations of Glodale were not mutual credits, mutual debits or other mutual dealings within the meaning of section 86 of the Bankruptcy Act 1966 (Cth) ('the Bankruptcy Act').
Sacreena Sanders admitted aiding and abetting the failure to disclose, all offences under the Bankruptcy Act.
Under both the Dodd Frank Act and the 2005 Bankruptcy Act, derivative claims have super-priority over all other claims, secured and unsecured, insured and uninsured.