{"iri":"http://lmss.sali.org/R7qVuIk7an16npW6AGq2N1x","id":"R7qVuIk7an16npW6AGq2N1x","label":"Voluntary Bankruptcy","definition":"Voluntary Bankruptcy occurs when a debtor initiates bankruptcy proceedings by filing a petition with the bankruptcy court. It contrasts with Involuntary Bankruptcy, where creditors initiate the process against a debtor.","prefLabels":["Debtor-Initiated Liquidation"],"altLabels":["Debtor-Initiated Bankruptcy","Self-Initiated Insolvency","Voluntary Insolvency","Voluntary Liquidation"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RDK1QEdQg1T8B5HQqMK2pZN","label":"Service"},"parents":[{"iri":"http://lmss.sali.org/RCzNI1QoW4KZCDSoIqjFHFj","id":"RCzNI1QoW4KZCDSoIqjFHFj","label":"Bankruptcy Initiation Type"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R7qVuIk7an16npW6AGq2N1x/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}