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Phrases with «bankruptcy petition»

A bankruptcy petition is a legal document that someone or a company files with the court when they are unable to pay their debts. It is a formal request to ask the court to declare them bankrupt and provide them with financial relief. Full definition

Related phrases

Sentences with «bankruptcy petition»

  • With many years of experience in bankruptcy petition preparation, case management, and discharge services, our professionals have the required skills and knowledge to help your clients through the bankruptcy process. (virtualparalegal.pro)
  • If you and your spouse have a large amount of marital debt, filing a joint bankruptcy petition may be a way to resolve those debts before the divorce process begins. (info.legalzoom.com)
  • Couples often ask me if they should file separate bankruptcy petitions. (marin-bankruptcy-law.com)
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