Notice of closure attached to the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared "bankruptcy" (strictly, put into administration—see text) in the United Kingdom. Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the bankrupt individual or organization).