- voluntary petition
- A petition in bankruptcy wherein petitioner asks that he be adjudicated a bankrupt. 9 Am J2d Bankr § 207.
Ballentine's law dictionary. Anderson, W.S.. 1998.
voluntary petition
Look at other dictionaries:
voluntary — vol·un·tary / vä lən ˌter ē/ adj 1 a: proceeding from one s own free choice or consent rather than as the result of duress, coercion, or deception a voluntary statement b: not compelled by law: done as a matter of choice or agreement voluntary… … Law dictionary
petition — pe·ti·tion 1 n 1: a formal written request made to an official person or body (as a court or board) a petition for equitable relief the creditor filed a petition for involuntary bankruptcy 2: a document embodying a formal written request petition … Law dictionary
voluntary bankruptcy — n: bankruptcy declared upon petition of the debtor see also bankruptcy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. voluntary bankruptcy … Law dictionary
voluntary winding up — a winding up of a company initiated by a special or extraordinary resolution of the company rather than by a petition to the court. Collins dictionary of law. W. J. Stewart. 2001. voluntary winding up … Law dictionary
voluntary bankruptcy — The legal proceeding that follows a petition of bankruptcy. Bloomberg Financial Dictionary * * * voluntary bankruptcy voluntary bankruptcy ➔ bankruptcy * * * voluntary bankruptcy UK US noun [C or U] FINANCE, LAW ► a situation in which a business… … Financial and business terms
Voluntary Bankruptcy — A type of bankruptcy where an insolvent debtor brings the petition to a court to declare bankruptcy because he or she (in the case of an individual) or it (in the case of a business entity) is unable to pay off debts. The bankruptcy is intended… … Investment dictionary
petition in insolvency — A petition, voluntary or involuntary, for the adjudication of a person as an insolvent, to the purpose that insolvency proceedings may ensue, wherein such assets as the insolvent has may be distributed according to law. 29 Am J Rev ed Insolv § 14 … Ballentine's law dictionary
voluntary bankruptcy — Bankruptcy instituted by an adjudication upon the petition of a debtor seeking such an adjudication. 9 Am J2d Bankr § 175 … Ballentine's law dictionary
voluntary bankruptcy — noun : a bankruptcy declared upon petition of the bankrupt … Useful english dictionary
Right to petition — The right to petition is the freedom of individuals (and sometimes groups and corporations) to petition their government for a correction or repair of some form of injustice without fear of punishment for the same. Although often overlooked in… … Wikipedia
