voluntary bankruptcy

Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.

voluntary bankruptcy

n. the filing for bankruptcy by a debtor who believes he/she/it cannot pay bills and has more debts than assets. Voluntary bankruptcy differs from "involuntary bankruptcy" filed by creditors owed money to bring the debtor before the bankruptcy court. (See: bankruptcy)

Mentioned in ?

References in periodicals archive ?

Christopher Biggins admits financial problems in 1995, when he filed for voluntary bankruptcy, did cloud his usually sunny disposition.

My epitaph would be 'he laughed and enjoyed life to the full' Flamboyant actor and past winner of I'm A Celebrity... Christopher Biggins is a natural performer and friend of the stars. He tells GABRIELLE FAGAN about his extraordinary career, why he never wants to give up performing Fit for fame

In "a voluntary bankruptcy scenario" they wrote, "states, like municipalities, will have every incentive to file a reorganization plan that protects state bondholder claims and their ultimate recovery.

A bankrupt option: states should not be allowed to file for bankruptcy

Gracious Home had filed voluntary bankruptcy protection under Chapter 11 of the United States Bankruptcy Code on August 13, 2010.

Gracious Home Sold to Americas Retail Flagship Fund LLC

And James Henderson, spokesman for the duchess, said: "There is a financial review under way and as part of that voluntary bankruptcy is an option.

FERGIE: HOW I LOST pounds 3M; Duchess claims she was duped by firm

But while voluntary bankruptcy is still an option, a spokesman said the situation is "being managed" and that all her personal debt had been paid off.

Duchess 'striving to avoid bankruptcy'

Now at least one of the senior financial advisers to the Palace has suggested voluntary bankruptcy, even though it would be embarrassing to the Queen.

Fergie is 'better off bankrupt'

Gluck faces up to $5 million in personal liability if the property, which made Trepp's top 10 delinquent loans list in April, is filed into voluntary bankruptcy.

Gluck faces $110M foreclosure at 2 Rector

Breaking Down The Texas Rangers Move Into Voluntary Bankruptcy (http://bizofbaseball.

Excerpts of Marv Albert Interview with President Obama

The auto parts supplier intends to start the proposed restructuring under court supervision as a step in its voluntary bankruptcy filing under Chapter 11 of the United States Bankruptcy Code by the company and certain of its United States and Canadian subsidiaries.

Lear reaches agreement with steering committees on debt restructuring

Carefully review the loan documents before taking any action--in particular, any voluntary bankruptcy filing to reorganize the community's debts.

Foreclosure forbearance: with as much as $100 billion in multifamily housing mortgages facing refinancing during the next two years, owners and investors must position themselves wisely

After the money was transferred, the bank's parent company froze all customer accounts, preventing any persons from receiving invested money; the bank and its parent corporation filed voluntary bankruptcy petitions.

Cash settlement and note from investment adviser are qualifying RIC income

With estimated liabilities of about 670 million yen, Meat Hope filed for voluntary bankruptcy in July.