- creditor's petition
Petition filed against a debtor by one or more creditors.also see involuntary case (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
- creditor's petition
Petition filed against a debtor by one or more creditors.
also see Involuntary Case
US Bankruptcy 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
creditor's claim — 1) A written claim filed in federal bankruptcy court by a person or entity owed money by a debtor who has filed for bankruptcy. 2) A written claim filed in probate court by a person or entity owed money by a person who has died. State law sets a… … Law dictionary
creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… … Law dictionary
petition — pe·ti·tion 1 n 1: a formal written request made to an official person or body (as a court or board) a petition for equitable relief the creditor filed a petition for involuntary bankruptcy 2: a document embodying a formal written request petition … Law dictionary
creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… … 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
petition — A written address, embodying an application or prayer from the person or persons preferring it, to the power, body, or person to whom it is presented, for the exercise of his or their authority in the redress of some wrong, or the grant of some… … Black's law dictionary
creditor's claim — A claim, which must be filed in writing and in a proper form, by a person or business who is owed money by a debtor who has filed a petition in bankruptcy court (or had a petition filed to declare the debtor bankrupt), or who is owed money by… … Business law dictionary
Petition mill — A petition mill is a fraud in which the perpetrator poses as a financial advisor, sometimes as a credit counselor or paralegal, filing hastily prepared bankruptcy documents in the name of victims who come to the advisor as clients. The bankruptcy … Wikipedia
pre-petition arrearages — Under Chapter 13, proceeds due a creditor before debtor s bankruptcy filing that are to be paid back through the Chapter 13 plan. (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. pre petition arrearages … Glossary of Bankruptcy
post-petition — occurs after the filing of a petition (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012. post petition ADMINISTRATIVE EXPENSE (under Claim, Post Petition) FINANCING (under Credit, Post Petition) Under Chapter 13,… … Glossary of Bankruptcy