Involuntary Bankruptcy - Law Dictionary Search Results
involuntary bankruptcy
involuntary bankruptcy : bankruptcy declared upon petition of creditors see also bankruptcy
bankruptcy
the court to declare the debtor bankrupt, which is called “involuntary bankruptcy.” Involuntary bankruptcy is allowed only under chapter 7 or chapter … to declare the debtor bankrupt, which is called “involuntary bankruptcy.” Involuntary bankruptcy is allowed only under chapter 7 or chapter 11 of
Act of Bankruptcy
as a debtor's fraudulent conveyance of property, that triggers an involuntary bankruptcy proceeding against a debtor, Black Law Dictionary, 7th Edn., p.
petition
board) [a for equitable relief] [the creditor filed a for involuntary bankruptcy] 2 : a document embodying a formal written request vt
trust
: a business trust that is a closed-end investment company involuntary trust : implied trust in this entry ;esp : constructive … trust that qualifies as a business trust is eligible for bankruptcy protection under chapter 13 of the Bankruptcy Code. by·pass trust
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