Preferences Fraudulent - Law Dictionary Search Results
Preferences, Fraudulent
Matched in: Term Preferences, Fraudulent
Fraudulent preferences
Matched in: Term Fraudulent preferences
preference
bankruptcy settlement) called also voidable preference compare antecedent debt at debt, fraudulent conveyance general assignment at assignment NOTE: Preferences can be voided by a bankruptcy trustee because they diminish the bankruptcy estate out of which other creditors
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Winding-up
claims of the general creditors. Transactions which would be avoided against an individual in his bankruptcy as a fraudulent preference (Bankruptcy Act, 1914, s. 44, see FRAUDULENT PREFERENCE) are avoided by s. 265, the commencement of the … contingent liabilities are to be regulated according to the law of bankruptcy (s. 262). S. 264 provides for preferential payments and (if the company is registered in England) postpones the claims of debenture holders under any floating
fraudulent conveyance
Matched in: Term fraudulent conveyance
Fraud
acts which have been declared to be or treated as fradulent by statute, see MISFEASANCE; PROSPECTUS; WINDING-UP; FRADULENT PREFERENCE; FRAUDULENT CONVEYANCES; PASSING OFF. Fraud and collusion vitiate even the most solemn proceedings in any civilised system of
Fraudulent conveyances, Statutes against
Matched in: Term Fraudulent conveyances, Statutes against
Act of Bankruptcy
is committed [Re Bumpus, (1908) 2 KB 330]. Act of bankruptcy, means an event, such as a debtor's fraudulent conveyance of property, that triggers an involuntary bankruptcy proceeding against a debtor, Black Law Dictionary, 7th Edn., p. … transfer of his property, or of any part thereof. (c) Having made a conveyance amounting to a 'fradulent preference.' (d) Having, with intent to defeat or delay his creditors, departed out of England, or being out of
conversion
authorization or justification (as a lien) and esp. of depriving the owner of use and possession see also fraudulent conversion … b : the act of exchanging one kind of property for another ;esp : the act of exchanging preferred stocks or bonds for shares of common stock of the same company usually at a preset ratio or
Abatement
is insufficient to satisfy fully all the creditors, then subject to the personal representatives' rights of retainer and preference, see A.G. v. Jackson, 1932 AC 365, their debts must abate in proportion according to their degree (see … reversioner or remainder man: and disseisin differs from them both, for to disseise is to put forcibly or fraudulently a person seised of the freehold out of possession, Co. Litt. 277a. (2) Abatement of Nuisances.-A remedy allowed
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