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prepetition

 

Definitions from the Web

Prepetition

Definition:

Prepetition is an adjective that refers to something occurring or existing before the filing of an official legal document, usually in a bankruptcy case.

Senses:

  1. Legal: Referring to actions, agreements, or events that took place before the filing of a bankruptcy petition.

Sample Sentences:

  1. The prepetition debts will be evaluated separately from post-petition obligations in the bankruptcy proceedings.
  2. As per the prepetition agreement, the company was required to maintain financial records for the past five years.
  3. The court ruled that the prepetition assets could not be used to settle post-petition obligations.

Related Products:

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