What is the difference between voluntary and involuntary bankruptcy?
Voluntary is when you file for yourself and your own debts.
Involuntary is when one or more of your creditors file the papers to put you into bankruptcy.
Involuntary bankruptcy happens when creditors force a debtor to confront his or her financial obligations, by filling a petition for bankruptcy. This form of bankruptcy is rare. Most bankruptcy cases are voluntary. In this case, a debtor files for bankruptcy on his own volition. Back to FAQs If you have any questions for our West Palm Beach Bankruptcy lawyer, don’t hesitate calling us at 561-353-2800 or complete the form on the left.
