Bankruptcy petition - A formal request for the protection of the federal bankruptcy laws. (There is an official form for bankruptcy petitions.)⏎
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.⏎
Bankruptcy court - The bankruptcy judges in regular active service in each district; a unit of the district court.⏎
Affirmed - In the practice of the court of appeals, it means that the court of appeals has concluded that the lower court decision is correct and will stand as rendered by the lower court.⏎
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.⏎