to petition for bankruptcy
21petition — {{Roman}}I.{{/Roman}} noun 1 document asking court for sth ADJECTIVE ▪ court (esp. AmE) ▪ bankruptcy, divorce, habeas corpus (AmE) ▪ She filed a habeas corpus petition on Padilla s behalf …
22post-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 …
23petition — 01. We signed a [petition] asking the government to outlaw the hunting of grizzly bears until an accurate count of their numbers has been made. 02. My uncle in Idaho would like to [petition] my grandmother in Mexico to come to the U.S. 03. A… …
24bankruptcy — noun ADJECTIVE ▪ consumer, personal ▪ corporate ▪ intellectual, moral VERB + BANKRUPTCY ▪ face …
25Bankruptcy — A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor s assets are… …
26date of the initial bankruptcy event — In respect of a person, it means the earliest of the date of filing or making: an assignment into bankruptcy; a proposal; a Notice of Intention to Make a Proposal; the first petition for a Receiving Order. (Dictionary of Canadian Bankruptcy… …
27bankruptcy order — This indicates that a person is unable to pay their debts and, subject to certain exceptions, deprives them of their property. The property can then be sold in order to pay the person s creditors. HM Customs & Revenue Glossary * * * bankruptcy… …
28Bankruptcy Law — Bankruptcy proceedings are started by a bankruptcy petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by the debtor under the Insolvency Act (1986);… …
29bankruptcy proceedings — The way a bankruptcy case wends its way through the court system, from the time the bankruptcy petition is filed until the debtor receives a bankruptcy discharge. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law… …
30Bankruptcy alternatives — Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. In most cases personal bankruptcy is initiated by the bankrupt individual. Bankruptcy is a legal process that discharges… …
