involuntary bankruptcy

involuntary bankruptcy definition - finance
A bankruptcy in which the creditors petitioned a court to put the debtor into a bankruptcy proceeding. This contrasts with a voluntary bankruptcy, which occurs when the debtor petitions the court to begin a bankruptcy proceeding.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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