a petition in bankruptcy
31Petition mill — A petition mill is a fraud in which the perpetrator poses as a financial advisor, sometimes as a credit counselor or paralegal, filing hastily prepared bankruptcy documents in the name of victims who come to the advisor as clients. The bankruptcy …
32pre-petition — That period which arises prior to the petition date (SA Bankruptcy.com) occurring before the filing of a bankruptcy petition (Glossary of Common Bankruptcy Terms) Claims or events arising before the commencement of the bankruptcy case, that is,… …
33prepackaged bankruptcy — a situation where a company and its creditors agree to a plan of reorganization before the company files a bankruptcy petition. In a true prepackaged bankruptcy, a plan of reorganization is circulated and approved by creditors before the petition …
34post-petition — occurs after the filing of a petition (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012. post petition ADMINISTRATIVE EXPENSE (under Claim, Post Petition) FINANCING (under Credit, Post Petition) Under Chapter 13,… …
35Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… …
36creditor's petition — Petition filed against a debtor by one or more creditors. also see involuntary case (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. creditor s petition …
37pre-petition arrearages — Under Chapter 13, proceeds due a creditor before debtor s bankruptcy filing that are to be paid back through the Chapter 13 plan. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. pre petition arrearages …
38post-petition claim — A claim arising after the date of the filing of the petition, generally required to be the actual and necessary costs of preserving the estate. Usually includes claims incurred by a Chapter 11 debtor in possession to its trade creditors. May also …
39post-petition credit — The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post petition claim, also referred to as an administrative expense claim. To have the new… …
40Bankruptcy Abuse Prevention and Consumer Protection Act — The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (USStatute|109|8|119|23|2005|04|20), providing for significant changes in bankruptcy in the United States, was passed by the 109th United States Congress on April 14, 2005 and… …
