Involuntary Debtor

Involuntary Debtor - An involuntary debtor is an individual or entity against whom creditors initiate bankruptcy proceedings, often because the debtor has failed to meet financial obligations. The involuntary bankruptcy process is initiated by the filing of a petition by the creditors, rather than the debtor themselves

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Involuntary Debtor
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Definition and Examples

Definition
An involuntary debtor is an individual or entity against whom creditors initiate bankruptcy proceedings, often because the debtor has failed to meet financial obligations. The involuntary bankruptcy process is initiated by the filing of a petition by the creditors, rather than the debtor themselves
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