Bankruptcy Code Definitions

 

 

See Also

 

Bankruptcy Protection

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Bankruptcy Dictionary

Bankruptcy Lawyer

 

 

Involuntary Petition

 

When creditors file a petition seeking to place the debtor in either Chapter 7 or Chapter 11. If the debtor contests and prevails, the court shall dismiss the involuntary petition. If the debtor does not contest, or contests and loses, the Bankruptcy Court shall enter an Order for Relief.

 

 

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