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Từ vựng:

petition in bankruptcy

Giải nghĩa:

/pəˈtɪʃən ɪn ˈbæŋkrəptsi/ – Phrase


Definition: khởi kiện vụ án mất khả năng chi trả khởi kiện vụ án vỡ nợ, đơn xin công nhận phá sản.

A more thorough explanation: A petition in bankruptcy refers to a formal written request submitted to a court by an individual or entity seeking relief under the bankruptcy laws. This petition typically initiates the bankruptcy process and provides information about the debtor’s financial situation, assets, liabilities, and other relevant details.

Example: The debtor filed a petition in bankruptcy with the court to seek protection from creditors and reorganize their financial affairs.

 

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