Voluntary Bankruptcy Definition
Voluntary Bankruptcy: What it Means, How it Works - Investopedia
A simple definition of voluntary bankruptcy is simply when a debtor chooses to go to court over bankruptcy versus being forced to do so. A voluntary ...
voluntary bankruptcy | Wex | US Law | LII / Legal Information Institute
Involuntary bankruptcy, on the other hand, is a bankruptcy case initiated by a debtor's creditors. [Last updated in August of 2021 by the Wex Definitions Team].
Voluntary bankruptcy Definition - Nasdaq
Voluntary bankruptcy. Browse Terms By Number or Letter: ... The process where the debtor petitions the court for bankruptcy protection. Also see Involuntary ...
Voluntary bankruptcy Definition & Meaning | Merriam-Webster Legal
The meaning of VOLUNTARY BANKRUPTCY is bankruptcy declared upon petition of the debtor.
Voluntary Bankruptcy Definition - Nolo
Voluntary Bankruptcy Definition ... A bankruptcy case filed by the debtor. In contrast, an "involuntary bankruptcy" case is filed by the debtor's creditors.
Chapter 11 - Bankruptcy Basics | United States Courts
A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain ...
Meaning of voluntary bankruptcy in English - Cambridge Dictionary
VOLUNTARY BANKRUPTCY meaning: a situation in which a business or a person becomes unable to pay their debts, and asks to be made…. Learn more.
Voluntary vs. Involuntary Bankruptcy
A voluntary bankruptcy is the most common type of bankruptcy proceeding. It is initiated by a debtor who wishes to seek relief from their debt burden.
voluntary bankruptcy definition · LSData - LSD.Law
Voluntary bankruptcy is when someone who owes a lot of money decides to ask the court for help. They start the process themselves by filing paperwork.
What Is Voluntary Bankruptcy? - The Balance
Definition and Examples of Voluntary Bankruptcy ... Voluntary bankruptcy occurs when someone petitions the court to declare bankruptcy. This is ...
Voluntary Bankruptcy Definition | Becker
Voluntary Bankruptcy. A bankruptcy case filed by a debtor. Sign up Today! Join our mailing list and get invited to Becker events.
Voluntary Bankruptcy - FindLaw Dictionary of Legal Terms
Search for a definition or browse our legal glossaries. term: Voluntary Bankruptcy. voluntary bankruptcy n. : bankruptcy declared upon petition of the debtor ...
The difference between voluntary and involuntary bankruptcy
There is no particular definition of voluntary bankruptcy, but precisely it is bankruptcy declared upon petition of the debtor. In voluntary ...
Voluntary Bankruptcy Petition – Devil's Dictionary
Voluntary Bankruptcy Petition. A bankruptcy petition filed by the debtor, as contrasted with an involuntary bankruptcy petition filed against the debtor by its ...
Bankruptcy Basics Glossary | United States Courts
The document filed by the debtor (in a voluntary case) or by creditors (in ... defined in the Bankruptcy Code. chapter 13. The chapter of the Bankruptcy ...
bankruptcy - Legal Dictionary | Law.com
n. a federal system of statutes and courts which permits persons and businesses which are insolvent (debtors) or (in some cases) face potential insolvency, to ...
Voluntary Bankruptcy Definition: 228 Samples - Law Insider
Related Definitions ... Voluntary Bankruptcy has the meaning set forth in the definition of "Bankruptcy." ... Voluntary Bankruptcy has the meaning set forth in ...
Voluntary Bankruptcy Law and Legal Definition | USLegal, Inc.
Voluntary Bankruptcy is the filing for bankruptcy by a debtor who believes he/she/it cannot pay bills and has more debts than assets. Voluntary bankruptcy ...
Other types of bankruptcy – Chapters 9, 12, & 15 - IRS
A discharge releases you (the debtor) from personal liability for certain dischargeable debts. Some taxes may be dischargeable. Whether a ...
What Is a Bankruptcy Petition? - Nolo
Voluntary Petition for Non-Individuals Filing for Bankruptcy. Business entities, such as corporations, partnerships, and municipalities that want to file for ...