definiens: means ( 1 ) filing a petition in voluntary bankruptcy or making an assignment for the benefit of creditors or consenting to the appointment of a receiver of all or any substantial part of the property of a party, or filing a petition to take advantage of any 1 LIBC/2671555.4 LEGAL _ US_E # 70897759.1 debtors act ; ( ii ) the commencement against a party of any case, proceeding or other action seeking the adjudication of such party as bankrupt by a court of competent jurisdiction or the appointment by such a court of a trustee or receiver or receivers of such party or of all or any substantial part of the property of such party upon the application of any creditor in any insolvency or bankruptcy proceeding or other creditor 's suit, which case, proceeding or other action is not dismissed within sixty ( 60 ) days of its commencement ; or ( iii ) any event or act analogous to any of these