FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R7qVuIk7an16npW6AGq2N1x
Label Voluntary Bankruptcy
Preferred Label Debtor-Initiated Liquidation
Identifier N/A
Alternative Labels
Debtor-Initiated Bankruptcy Self-Initiated Insolvency Voluntary Insolvency Voluntary Liquidation

Definition

Voluntary Bankruptcy occurs when a debtor initiates bankruptcy proceedings by filing a petition with the bankruptcy court. It contrasts with Involuntary Bankruptcy, where creditors initiate the process against a debtor.

Class Relationships

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

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