Voluntary Petition or Entry of Order for Relief

By voluntarily filing a Petition for Bankruptcy, the debtor submits his property to bankruptcy administration. In the case of an involuntary proceeding, the debtor’s creditors may ask the court for an Order for Relief. Under a voluntary petition, the court automatically acquires jurisdiction over the property of the debtor; however, it is not until the entry of an Order for Relief has been filed that the court is able to acquire jurisdiction with respect to involuntary proceedings.