Voluntary Debtor
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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.
Class Relationships
Parent(s)
- • Debtor
Is Defined By
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See Also
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Children 0
- • None
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Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
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Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available