bankruptcy petition — ➔ petition * * * bankruptcy petition UK US noun [C] ► LAW, FINANCE a formal letter to a court asking that a person or company be declared bankrupt: »The latest bankruptcy petition was filed April 14. »Lawyers are considering an involuntary… … Financial and business terms
bankruptcy petition preparer — A nonlawyer who helps debtors complete their bankruptcy paperwork for a fee. Bankruptcy petition preparers may not give legal advice or represent people in court; instead, they act as a typing service, completing the required bankruptcy forms as… … Law dictionary
petition — (or bankruptcy petition or petition for relief) the document that commences a bankruptcy proceeding (Glossary of Common Bankruptcy Terms) The document used to begin a bankruptcy case. See order for relief (Bernstein s Dictionary of Bankruptcy… … Glossary of Bankruptcy
petition for relief — (or bankruptcy petition or petition) the document that commences a bankruptcy proceeding; the document filed with the court to initiate a bankruptcy proceeding. (Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
petition date — The date a bankruptcy petition is filed with the Bankruptcy Court (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
petition preparer — a business not authorized to practice law that prepares bankruptcy petitions (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
Bankruptcy Reform Act of 1978 — the first substantive bankruptcy code revision since the Chandler Act of 1938. It took effect on October 1, 1979 and some of the major elements of this act were as follows: upgrading the jurisdiction of the U.S. bankruptcy courts to deal with… … Glossary of Bankruptcy
petition for a receiving order — An application by a creditor to the Court for an Order adjudging a debtor bankrupt (Ontario Bankruptcy Dictionary) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
bankruptcy order — (=receiving order) (Dictionary of Canadian Bankruptcy Terms) An Order handed down by the Court following the successful petition to have a person or company placed into bankruptcy. In an amendment dated December 15, 2004 this term was changed to… … Glossary of Bankruptcy
bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy … Law dictionary
