Involuntary Petition
/ɪnˈvɑːlənˌtɛri pəˈtɪʃən/
Definitions
- (n.) A bankruptcy petition filed by creditors to initiate involuntary bankruptcy proceedings against a debtor without the debtor's consent.
The creditors filed an involuntary petition to force the company into bankruptcy.
Forms
- involuntary petition
- involuntary petitions
Related terms
See also
Commentary
Use precise language to distinguish involuntary from voluntary petitions; important to specify initiators and debtor status.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.