Undischarged Bankrupt

Undischarged bankrupt. Transactions by an un-discharged bankrupt with any person dealing with him bona fide and for value in respect of any property, real or personal, acquired by the bank-rupt after adjudication, are valid against the trustee if completed before he intervenes (Bankruptcy Act, 1914, s. 47). If an undischarged bankrupt, (a) obtains credit to the extent of ten pounds or upwards without giving notice that he is an undischarged bankrupt, or (b) engages in any trade or business under a name different from that under which he was adjudicated bankrupt without disclosing the latter name, he is guilty of a misdemeanour (ibid., s. 155).