- A creditor who institutes proceedings against his debtor in a court of bankruptcy.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
petitioning creditor — /pəˌtɪʃənɪŋ ˈkrɛdətə/ (say puh.tishuhning kreduhtuh) noun Law a creditor who applies to have the debtor adjudged bankrupt … Australian English dictionary
fiat — fi·at / fē ˌät, ˌat, ət; fī ˌat/ n 1: decree 2: an authoritative but arbitrary order a brazen act of judicial fiat L. H. Tribe Merriam Webster’s Dictionary of Law. Merriam Webste … Law dictionary
petition — A written address, embodying an application or prayer from the person or persons preferring it, to the power, body, or person to whom it is presented, for the exercise of his or their authority in the redress of some wrong, or the grant of some… … Black's law dictionary
advertised — Where a winding up petition has been issued by the court, the petition must be advertised in the Gazette. Once advertised the petition may not be withdrawn by the petitioning creditor, and the effect often prejudices the company s credit. The… … Law dictionary
fiat — /fayaet, fayat/ (Lat. Let it be done. ) In old English practice, a short order or warrant of a judge or magistrate directing some act to be done; an authority issuing from some competent source for the doing of some legal act. One of the… … Black's law dictionary
striking a docket — An English expression for the entry of the petition, bond and affidavit of a petitioning creditor in an involuntary proceeding for an adjudication in bankruptcy … Ballentine's law dictionary
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… … Wikipedia
Liquidation — Winding up redirects here. For other uses, see Wind up (disambiguation). Not to be confused with liquification, a concept in physics. In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the… … Wikipedia
Protected Trust Deed — The Protected Trust Deed (PTD) is a formal arrangement that is used in Scotland where a consumer debtor grants a ‘deed’ in favour of the trustee which transfers their assets to the trustee for the benefit of creditors. It can be an extremely… … Wikipedia