bankruptcy petition

bankruptcy petition definition - business

bankruptcy petition

The document filed by a debtor (voluntary bankruptcy) or by creditors (involuntary bankruptcy) that opens a bankruptcy case. Also called petition in bankruptcy.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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