Undischarged Bankrupt


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Undischarged Bankrupt

A person or organization who has filed for bankruptcy but has not received permission from the court to stop making payments on debts. Many debts are ultimately discharged (meaning forgiven), but some debts must be repaid even after the bankruptcy is finalized.
References in classic literature ?
The first strayed off into the infinite, heeding no appeals; the second was killed in the night by a fruit motor-waggon which fled before Grubb could get down; the third got itself entangled in the front wheel of a passing cyclist, who came through the plate glass, and proved to be an actor out of work and an undischarged bankrupt.
Philip Henry Martin, an undischarged bankrupt has been sentenced to 20 months imprisonment at Amersham Crown Court after he pleaded guilty to acting in the management and formation of two companies whilst an undischarged bankrupt and to fraudulently removing Au54,000 from one of those companies.
They did say that they would not open an account for someone who is an undischarged bankrupt so I suppose it depends on your situation at the time.
As he is an undischarged bankrupt, the making of a financial order is something which is beyond my powers.
He was accused of "being an undischarged bankrupt, took part in or were concerned in the promotion, formation or management of a company, called Mega Mart Ltd without the leave of the court".
John Cooper will >serve his sentence Hexley, from Barton under Needwood, near Lichfield, was an undischarged bankrupt, the Appeal Court in London heard, and was barred from advising on financial matters in line with strict rules imposed by the Financial Services and Markets Act.
The court heard Al-Issa, an undischarged bankrupt, was the "prime beneficiary" of the scam having transferred funds to bank accounts in Jordan, where he has a home and businesses.
And Mr Finn, 56, of Bondicar Terrace, Blyth, is accused of being concerned in the running of the three companies between December 20, 2009 and November 23, 2010, when he too was an undischarged bankrupt.
Although Thorne is an undischarged bankrupt, the court said he was still responsible for the payments to his family.
Robertson admitted her past - NSW undercover cop, the Fiennes fling, call girl and undischarged bankrupt - meant it was 'embarrassing for some people to be associated with me'.
Despite Castle being an undischarged bankrupt paying no income tax and Rogers earning u70 a week as a part-time shop assistant, there were four years of large cash deposits in her account.
A WELL-KNOWN businessman who carried on running a firm without disclosing that he was an undischarged bankrupt has been jailed for four months.