Petitioning creditor
The creditor who presents a bankruptcy or winding-up petition asking the court to make an insolvency order.
Related terms
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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.
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Creditor action
Steps taken by a creditor to recover or protect a debt, ranging from demands and negotiation to court or insolvency proceedings.
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Enforcement
The use of legal or contractual rights to compel payment, recover assets or make a debtor comply with an obligation.
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