Bankruptcy petition
A court application asking for a bankruptcy order to be made, commonly brought by a creditor where the legal conditions are met.
Related terms
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Bankruptcy order
The formal order that places a person into bankruptcy and triggers the legal consequences of the process.
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Bankruptcy adjudicator
An official who decides eligible online bankruptcy applications made by individuals in England and Wales.
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Bankruptcy application
A formal request for bankruptcy. In England and Wales, an individual normally applies online, while creditor-led bankruptcy follows a court process.
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