Involuntary Bankruptcy means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, ...
Also found in:Dictionary,Thesaurus,Medical,Acronyms,Idioms,Encyclopedia,Wikipedia. Related to Involuntary:Involuntary Euthanasia,Involuntary manslaughter involuntary adj. or adv. without intent, will, or choice. Participation in a crime is involuntary if forced by immediate threat to life or health of on...
Section 303 of the Bankruptcy Code contains three requirements for commencing an involuntary bankruptcy case: (1) there must be three or more petitioning creditors; (2) each petitioning creditor must hold a claim against the debtor that is not contingent as to liability or the subject of a bo...