Bankruptcy Petition
Barron's Business Dictionary:
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Bankruptcy Petition
The document filed with the bankruptcy clerk’s office to initiate the bankruptcy. It states which chapter the debtor is filing under, includes information about the debtor, its creditors, and lists assets, liabilities, and asset transfers in the last 12 months.
| Bankruptcy Court, Bankruptcy, Banker’s Acceptance | |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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