The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Bankruptcy Petition
DEFINITION
The bankruptcy petition is the document that is filed to start a bankruptcy proceeding. Where the debtor seeks bankruptcy the debtor files the petition. However, in an in voluntary bankruptcy where the credits seek to force the debtor into a bankruptcy proceeding the debtors file the petition. In either case, an official form developed by the federal judiciary is used.
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