involuntary bankruptcy

involuntary bankruptcy

A bankruptcy case commenced by the debtor’s creditors (usu. three or more), or, if the debtor is a partnership, by fewer than all the general partners. 11 USCA ¡ì 303(b).

¡ª Also termed involuntary proceeding. [Cases: Bankruptcy 2281. C.J.S. Bankruptcy ¡ì 56.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.