Accounting question - When a bankruptcy court enters an “order for relief� did it accept the petition?

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Originally Posted by odaniel

Accounting quetion - When a bankruptcy court enters an “order for relief� did it accept the petition?.

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§ 301 of the Bankruptcy Code (Title 11 of the US Code), Voluntary cases, provides as follows:

"(a) A voluntary case under a chapter of this title is commenced by the filing with the bankruptcy court of a petition under such chapter by an entity that may be a debtor under such chapter.
(b) The commencement of a voluntary case under a chapter of this title constitutes an order for relief under such chapter."

It's not a matter of a bankruptcy judge deciding whether to "accept" a petition or not. If the petition is duly filed, it's filed. Whether the debtor is entitled to a discharge, and other matters, depends upon whether someone objects.

Please stop posting your homework for "us" to answer.

Open a textbook and see what you can learn.