Fictitious Debt Law and Legal Definition
A fictitious debt is a feigned one, not real or genuine; a debt arbitrarily invented and set up, to accomplish an ulterior object; such as to accomplish a fraud upon the state and the revenue laws for the support of the State or nation. [West Va. Mortgage & Discounty Corp. v. Newcomer, 101 W. Va. 292, 296 (W. Va. 1926)].
