The act of being bankrupt. This usually refers to the legal proceeding which relieves debtors from responsibility of debt payments who cannot meet them and also provides protection while attempting to repay the debts. Bankruptcy proceedings take on two forms: (i) liquidation, where debts are discharged or canceled completely and which is also known as Chapter 7 of the … [Read more...] about BANKRUPTCY
B
BACKING
crim. law practice. Backing a warrant occurs whenever it becomes necessary to execute it out of the jurisdiction of the magistrate who granted it; as when an offender escapes out of the county in which he committed the offence with which he is charged, into another county. In such a case, a magistrate of the county in which the offender may, be found, endorses, or writes his … [Read more...] about BACKING
BADGE OF FRAUD
A term used relatively to the law of fraudulent conveyances made to hinder and defraud creditors. It is defined as a fact tending to throw suspicion upon a transaction, and calling for an explanation. Bump, Fraud. Conv. 31; Gould v. Sanders, 69 Mich. 5, 37 N. W. 37; Bryant v. Kelton, 1 Tex. 420; Goshorn v. Snodgrass, 17 W. Va. 768; Kirkley v. Lacey, 7 Houst (Del.) 213, 30 Atl. … [Read more...] about BADGE OF FRAUD
BAILABLE OFFENSE
A criminal offense where a defendant may be able to secure his or her release upon the payment of bail. … [Read more...] about BAILABLE OFFENSE
BAIS DIN
See Bet Din; a Jewish legal tribunal or court. … [Read more...] about BAIS DIN