an official request for protection under bankruptcy laws, which initiates bankruptcy proceedings
the bankruptcy petition filed against him by the tax authorities
Examples of 'bankruptcy petition' in a sentence
bankruptcy petition
If a statutory demand payment is not met within 21 days, creditors can file a bankruptcy petition.
Times, Sunday Times (2010)
It is not surprising that after a personal bankruptcy petition is filed, creditors rarely go to great expense to attend meetings or to press their claims.
Charles A. D'Ambrosio & Stewart D. Hodges & Richard Brealey & Stewart Myers Principles of Corporate Finance (1991)