Insolvency Initiation Type

Bankruptcy Initiation Type - Bankruptcy Initiation Type refers to the classification of bankruptcy proceedings based on who initiates the process. It includes subclasses Voluntary Bankruptcy, where the debtor voluntarily files for bankruptcy, and Involuntary Bankruptcy, where creditors force the debtor into bankruptcy.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RCzNI1QoW4KZCDSoIqjFHFj
Label (rdfs): Bankruptcy Initiation Type
Preferred Label: Insolvency Initiation Type
Alternative Labels: Bankruptcy Commencement Method, Insolvency Filing Method
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Definition and Examples

Definition: Bankruptcy Initiation Type refers to the classification of bankruptcy proceedings based on who initiates the process. It includes subclasses Voluntary Bankruptcy, where the debtor voluntarily files for bankruptcy, and Involuntary Bankruptcy, where creditors force the debtor into bankruptcy.
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Translations

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Class Relationships

Sub Class Of: Bankruptcy and Financial Restructuring Practice
Parent Class Of: Voluntary Bankruptcy

Involuntary Bankruptcy
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Additional Information

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Deprecated: False

Metadata

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