Bankruptcy – Voluntary and involuntary bankruptcy
You can be made bankrupt by: yourself, by filing for bankruptcy your creditors, by them filing for bankruptcy on your behalf not fulfilling the requirements of an individual voluntary arrangement (IVA) you have entered into When you file for b ankruptcy yourself, th is is considered to be a voluntary bankruptcy. When your creditors file [...]
You can be made bankrupt by:
- yourself, by filing for bankruptcy
- your creditors, by them filing for bankruptcy on your behalf
- not fulfilling the requirements of an individual voluntary arrangement (IVA) you have entered into
When you file for b ankruptcy yourself, th is is considered to be a voluntary bankruptcy. When your creditors file for bankruptcy on your behalf, or when an individual voluntary arrangement (IVA) you have entered into fails, this is considered to be an involuntary bankruptcy.
In both voluntary and involuntary bankruptcy, the bankruptcy process is the same.
More information
- Bankruptcy – What is bankruptcy?
- Bankruptcy – The bankruptcy process
- Bankruptcy – What is a certificate of summary administration?
- Bankruptcy – How to file for bankruptcy
- Bankruptcy – The advantages of bankruptcy
- Bankruptcy – The disadvantages of bankruptcy
- Bankruptcy – The alternatives to bankruptcy
- Bankruptcy – I am owed money by a bankrupt
- Bankruptcy – Insolvency and bankruptcy
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