involuntary case

involuntary case: Creditors of a debtor may petition the court to force the debtor into a bankruptcy proceeding. This may also be referred to as a creditors' petition. If the debtor has 12 or more creditors, the petition must be filed by three or more creditors whose claims total at least $12,300.

If the debtor has fewer than 12 creditors, a single creditor whose claim is at least $12,300 may petition the debtor into bankruptcy. After the filing of the petition, the debtor is given an opportunity to contest the filing. If the creditors are successful, an order for relief is entered and the case proceeds substantially like any other bankruptcy case. Creditors may choose to file an involuntary case under Chapter 7 or Chapter 11. (Bernstein's Dictionary of Bankruptcy Terminology)

involuntary case: Creditors of a debtor may petition the court to force the debtor into a bankruptcy proceeding. This may also be referred to as a creditors' petition. If the debtor has 12 or more creditors, the petition must be filed by three or more creditors whose claims total at least $12,300. If the debtor has fewer than 12 creditors, a single creditor whose claim is at least $12,300 may petition the debtor into bankruptcy. After the filing of the petition, the debtor is given an opportunity to contest the filing. If the creditors are successful, an order for relief is entered and the case proceeds substantially like any other bankruptcy case. Creditors may choose to file an involuntary case under Chapter 7 or Chapter 11.

Glossary of Bankruptcy.

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Case Information Statement — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue … Wikipedia
involuntary discontinuance — The forcing of a case out of court for some error in pleading, technical omission, etc., better called an involuntary dismissal. Hunt v Griffin, 49 Miss 742 … Ballentine's law dictionary
involuntary dismissal — The dismissal of an action on motion by the defendant. 24 Am J2d Dism § 53. The ultimate dismissal by a judgment against the plaintiff upon the verdict of the jury or the decision of the court in a case tried to the court … Ballentine's law dictionary
voluntary case — A voluntary bankruptcy proceeding. also see involuntary case (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. voluntary case … Glossary of Bankruptcy

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involuntary case

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Glossary of Bankruptcy

involuntary case

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