Bankruptcy filings is a way debtors can get out from under their load of debt and creditors can be paid. Bankruptcy is sometimes referred to as insolvency. This is particularly true in the United Kingdom and, to an extent, Canada. In the United States bankruptcy filings are made by individuals or corporations. They can be voluntary or involuntary. In the former, the debtor petitions the court; in the latter, the creditor petitions the court. Once bankruptcy filings are complete, the process of creditors seizing assets or garnishing wages ceases. A trustee will take charge of the compilation of all non-exempt assets for liquidation into cash. Once the money is accumulated, it is dispersed among the various creditors with the secure creditors receiving their debt first. A discharge is made within several months if the debtor has fulfilled all obligations under the act of bankruptcy of their country.