involuntary petition

A petition filed in a bankruptcy court by a creditor seeking to declare a debtor bankrupt.

• This type of petition may be filed only under Chapter 7 or Chapter 11 of the Bankruptcy Code. [Cases: Bankruptcy 2290. C.J.S. Bankruptcy § 57.]

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词条贡献者

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。