The Professional
Bankruptcy Dictionary


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V

venue

The proper district in which to file a bankruptcy case. Venue does not refer to the proper division within a district for filing of cases.

violation of the stay

the unauthorized act of a creditor attempting to take, or exercise control over, property or money of the debtor to satisfy a claim during the time the automatic stay is in effect; an attempt to collect on a debt against a debtor in bankruptcy without first obtaining relief from stay

Sec. 362

voluntary transfer

A transfer or conveyance of a debtor's property with the debtor's consent

List of Terms; Administrative Office of the United States Courts

voluntary case

A bankruptcy filed voluntarily by the debtor, as opposed to an involuntry bankruptcy filed by a debtor's creditors.