creditor's petition
121tax law — Introduction body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.… …
122proceeding — pro·ceed·ing n 1: a particular step or series of steps in the enforcement, adjudication, or administration of rights, remedies, laws, or regulations: as a: an action, hearing, trial, or application before the court collateral proceeding: a… …
123receiver — re·ceiv·er /ri sē vər/ n 1: an officer charged with receiving tax payments or returns and other related duties (as the maintenance of tax rolls) 2: a person appointed by the court to hold in trust and administer property in litigation; esp: one… …
124avoidable transfers — The debtor in possession or the trustee, as the case may be, has what are called avoiding powers. Such powers may be used to undo a transfer of money or property made during a certain period of time prior to the filing of the bankruptcy petition …
125compulsory liquidation — compulsory winding up The winding up of a company by a court. A petition must be presented both at the court and at the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an… …
126compulsory liquidation — compulsory winding up The liquidation of a company by a court. A petition must be presented both at the court and the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an official …
127fiat — /fayaet, fayat/ (Lat. Let it be done. ) In old English practice, a short order or warrant of a judge or magistrate directing some act to be done; an authority issuing from some competent source for the doing of some legal act. One of the… …
128fiat — /fayaet, fayat/ (Lat. Let it be done. ) In old English practice, a short order or warrant of a judge or magistrate directing some act to be done; an authority issuing from some competent source for the doing of some legal act. One of the… …
