Phrases with «involuntary bankruptcy»

"Involuntary bankruptcy" refers to a situation where a person or a business is forced into bankruptcy by their creditors, rather than choosing it voluntarily. It occurs when creditors initiate legal action to recover outstanding debts instead of the debtor declaring bankruptcy themselves. Full definition

involuntary bankruptcy

Sentences with «involuntary bankruptcy»

Petitioning creditors in involuntary bankruptcy filings need to be aware that they can be subject to having to pay a debtor's attorney's fees for obtaining a dismissal of the case and also may have to pay bad faith damages (both compensatory and punitive) as well as debtor's fees for prosecuting the bad faith damages case against petitioning creditors. (calattorneysfees.com)
Represented a secured lender in the receivership and involuntary bankruptcy of a textile manufacturer and related litigation (bryancave.com)
In Forma Pauperis Income Income Income Tax Refunds Independent Contractor Insiders Insolvency Instant * Involuntary Bankruptcy Involuntary Petition IRA's, Pensions, etc., will you lose them in Bankruptcy? (jclawgroup.com)
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Phrases with «involuntary bankruptcy»

Sentences with «involuntary bankruptcy»

See also