Creditor’s petition
A petition presented by a creditor asking a court to make an insolvency order, such as a bankruptcy or winding-up order where the legal tests are met.
Related terms
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Bankruptcy petition
A court application asking for a bankruptcy order to be made, commonly brought by a creditor where the legal conditions are met.
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Petitioning creditor
The creditor who presents a bankruptcy or winding-up petition asking the court to make an insolvency order.
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Winding-up petition
A formal court application asking for a company to be wound up, often presented by a creditor alleging the company cannot pay its debts.
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