Concept information
Preferred term
debt restructuring fraud
Definition
- Debt restructuring fraud, concealment, or fraudulent transfer is a type of bankruptcy fraud in which assets are hidden prior to declaring bankruptcy or are discharged for illegitimate purposes. It is a fraud committed by a corporate entity or an officer of that entity in preparation for bankruptcy proceedings, and it is different from personal bankruptcy fraud. [Source: Encyclopedia of White-Collar and Corporate Crime; Debt Restructuring Fraud]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/debt_restructuring_fraud
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