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