FRAUDULENT BANKRUPTCY
\fɹˈɔːdjʊlənt bˈaŋkɹʌptsi], \fɹˈɔːdjʊlənt bˈaŋkɹʌptsi], \f_ɹ_ˈɔː_d_j_ʊ_l_ə_n_t b_ˈa_ŋ_k_ɹ_ʌ_p_t_s_i]\
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In Scots law, the willful cheating of creditors by an insolvent person; a bankruptcy in which the insolvent is accessory to the diminution, by alienation, abstraction, or concealment of the funds divisible among his creditors, with a fraudulent intent, and with the knowledge that the legal rights of the creditors are thereby infringed.
By Daniel Lyons
