bankruptcy petition Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bankruptcy petition” in the English Dictionary

"bankruptcy petition" in Business English

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bankruptcy petitionnoun [C]

uk   us  
LAW, FINANCE a ​formalletter to a ​courtasking that a ​person or ​company be declaredbankrupt: The latest bankruptcypetition was filed April 14. Lawyers are considering an involuntarybankruptcypetition against the ​firm.
(Definition of bankruptcy petition from the Cambridge Business English Dictionary © Cambridge University Press)
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