More than 99 percent of all bankruptcy petitions are filed voluntarily.

Name: More than 99 percent of all bankruptcy petitions are filed voluntarily.
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Most bankruptcy petitions are filed voluntarily by the debtor, as they seek relief from creditors when they are unable to repay their debts. This accounts for more than 99 percent of all bankruptcy filings, with the remainder being involuntary petitions filed by creditors against a debtor.

More Than 99 Percent of All Bankruptcy Petitions Are Filed