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involuntary bankruptcy

   Also found in: Wikipedia 0.04 sec.
involuntary bankruptcy
Bankruptcy that is forced by creditors instead of being initiated by the firm or individual. Compare voluntary bankruptcy. See also Chapter 7, Chapter 11.


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Involuntary bankruptcy may be filed under Chapter 7 or 11.
Bankruptcies by Los Angeles Business Journal
Involuntary bankruptcy may be filed under Chapter 7 or 11.
Bankruptcies by San Fernando Valley Business Journal
a Woodland Hills firm, has filed an involuntary bankruptcy petition against a now-defunct San Gabriel Valley auto brokerage firm whose sole stockholder is the current owner of Rusnak Pasadena, a high-end automobile dealership.
OGNER NAMES RUSNAK IN COURT PETITION by Daily News (Los Angeles, CA)
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