Petition In Bankruptcy in United States

Practical Information

Note: Some of this information was last updated in 1982

bankruptcy (in U.S. law) proceedings are commenced by the filing of a petition, asking that the court declare some person a bankrupt. In voluntary bankruptcy the petitioner asks to be adjudged a bankrupt. In involuntary bankruptcy the petitioner requests that some person other than the petitioner or petitioners be adjudged a bankrupt.

(Revised by Ann De Vries)

What is Petition In Bankruptcy?

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