involuntary bankruptcy

Definition of "involuntary bankruptcy"
  1. A form of bankruptcy that is initiated by the debtor's creditors, rather than the debtor itself
How to use "involuntary bankruptcy" in a sentence
  1. The business was pushed into involuntary bankruptcy when its creditors submitted a petition to the court.
  2. Because of unpaid debts, the company faced involuntary bankruptcy, leading to significant impacts on its operations.
  3. After the involuntary bankruptcy proceedings began, the assets of the debtor were subject to liquidation.

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