(B), which provided for issuance of protective decree where court found that debtor had committed act of bankruptcy within meaning of Bankruptcy Act, was struck out.
For an individual or a corporation to be declared bankrupt, certain additional requirements, such as committing an act of bankruptcy, for example, are necessary.
According to the suit, River also agreed it would pay back the principle of the loan with 5percentt interest on the third anniversary of the loan on the condition that if River committed any act of bankruptcy the startup would immediately repay the loan, along with the unpaid interest.
He was convicted of conspiracy to commit acts of terrorism, conspiracy to commit aircraft piracy and conspiracy to destroy aircraft.
In the digital media age, are acts of journalism only committed by journalists, or do we commit acts of journalism when we leave our opinion online?
Yet during this period, they are not known to commit acts of terror like Da'esh.
A great number of laws are satisfied with a petition by a single creditor regardless of the amount of his claim, the total number of creditors, or the amount of the outstanding indebtedness, so long as the debtor is unable to meet his current payments or has committed a so-called act of bankruptcy.
Missouri 1929 (Mo.St.Ann. § 3152, p. 4969), provides that, in cases of insolvency, debts due the state shall be first satisfied, and that this priority shall extend to cases in which an act of bankruptcy is committed.
