Petition (Application for a Bankruptcy Order): Canada Debt .ca defines Petition (Application for a Bankruptcy Order)

Bankruptcy Term Petition (Application for a Bankruptcy Order)

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Canada Debt has the definition to the bankruptcy and debt term Petition (Application for a Bankruptcy Order). Finding answers to terms such as Petition (Application for a Bankruptcy Order) can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Petition (Application for a Bankruptcy Order) in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Petition (Application for a Bankruptcy Order)' is used as follows:

The application made under the Bankruptcy and Insolvency Act for the Court to hand down a Receiving Order (Bankruptcy Order) stating the person is in bankruptcy. In an amendment dated December 15, 2004 this term was changed to Application for a Bankruptcy Order.