bankruptcy petition Meaning in Cambridge Business English Dictionary
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Meaning of "bankruptcy petition" - Business English Dictionary

bankruptcy petition

noun [C]
 
 
LAW, FINANCE a formal letter to a court asking that a person or company be declared bankrupt: The latest bankruptcy petition was filed April 14. Lawyers are considering an involuntary bankruptcy petition against the firm.
(Definition of bankruptcy petition from the Cambridge Business English Dictionary © Cambridge University Press)
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