# Involuntary Bankruptcy

**IRI:** https://folio.openlegalstandard.org/RDCv20kIT2YJmDM2yNDWsmJ

## Labels

**Preferred Label:** Compulsory Liquidation

**Translations:**

- de-de: Unfreiwilliges Insolvenzverfahren
- fr-fr: Faillite involontaire
- ja-jp: 自己破産
- pt-br: Falência involuntária
- zh-cn: 非自愿破产

## Definition

Involuntary Bankruptcy refers to a legal process where creditors file a petition to force an individual or entity into bankruptcy, typically due to unpaid debts, and is a subcategory of the Bankruptcy and Financial Restructuring Practice.

## Sub Class Of

- https://folio.openlegalstandard.org/RCzNI1QoW4KZCDSoIqjFHFj

**Deprecated:** False