creditor's petition
11post-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,… …
12executor-creditor — in Scots law, a creditor who has constituted his debt during the lifetime of a person can petition the court to be appointed his executor if no executor has been appointed to whom he can submit his claim. He need only obtain confirmation to… …
13bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …
14Bankruptcy — Notice of closure attached to the door of a computer store the day after its parent company declared bankruptcy (strictly, put into administration see text) in the United Kingdom. Bankruptcy is a legal status of an insolvent person or an… …
15bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy …
16statutory demand — A demand for payment in a prescribed statutory form under Section 123 of the Insolvency Act 1986. A creditor serves a statutory demand and the debtor is required to pay the debt within twenty one days, failing which the creditor may petition the… …
17CONDITIONS — (Heb. תְּנָאִים, tena im). Definition Conditions is an ambiguous word inasmuch as it refers not only to the external factors upon which the existence of an agreement is made to depend but also to the actual terms of the contract itself. Thus, one …
18Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… …
19Ireland — • Ireland lies in the Atlantic Ocean, west of Great Britain . . . Catholic Encyclopedia. Kevin Knight. 2006. Ireland Ireland † …
20compulsory winding up — a procedure for the dissolution of a company involving a petition presented to the court, usually by a creditor. The petition must be based on one of the grounds specified in the Companies Act 1985. The most usual ground is that the company is… …
