DIRT-FOR-DEBT TRANSFER
dirt-for-debt transfer.A transaction in which a bankrupt debtor satisfies all or part of a secured
debt by transferring the collateral to the creditor. [Cases: Bankruptcy 3564. C.J.S. Bankruptcy §
397.] [Blacks Law 8th]
dirt-for-debt transfer.A transaction in which a bankrupt debtor satisfies all or part of a secured
debt by transferring the collateral to the creditor. [Cases: Bankruptcy 3564. C.J.S. Bankruptcy §
397.] [Blacks Law 8th]