After-acquired property

After-acquired property,

Definition of After-acquired property:

  1. Property that is acquired by a debtor after he or she has entered into an agreement where other property is put up as security for a loan. In bankruptcy law, the property that is acquired by the bankrupt party after he or she has filed to be declared bankrupt. This property will typically be free of all claims by the bankrupt individuals creditors.

Meaning of After-acquired property & After-acquired property Definition