{"iri":"https://folio.openlegalstandard.org/RDD66e8VCE7IJIIIzYnEdpn","label":"Voluntary Debtor","sub_class_of":["https://folio.openlegalstandard.org/R77pHybcEdlO9OmqSuiyWi1"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A voluntary debtor is an individual or entity that willingly initiates the process of declaring bankruptcy, typically by filing a petition in bankruptcy court. This is in contrast to an involuntary debtor, against whom creditors initiate the bankruptcy proceedings.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}