Bankruptcy estate - All interests of the debtor in property at the time of the bankruptcy filing. The estate technically becomes the temporary legal owner of all of the debtor's property.⏎
Cause of action - A legal claim.⏎
Business bankruptcy - A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes.⏎
Automatic stay - An injunction that automatically stops lawsuits, foreclosures, garnishments, and most collection activities against the debtor the moment a bankruptcy petition is filed.⏎
Bankruptcy petition - A formal request for the protection of the federal bankruptcy laws. (There is an official form for bankruptcy petitions.)⏎