The financial encyclopedia uses cookies to improve your user experience. Find out more here!



 

 


 

Bankruptcy: arrest of debtor
 

 

Where a debtor shows signs of absconding, or appears to be making efforts to prolong or delay the bankruptcy proceedings, or hides his books and papers, the court has power to issue a warrant for his arrest. This also is so where, after the receiving order, or presentation of the petition, he removes goods of more than £5 in value without the leave of the official receiver or trustee.

Reference: The Penguin Business Dictionary, 3rd edt.