In an Involuntary Petition, If a Debtor Has 12 or More

question 79

Multiple Choice

In an involuntary petition, if a debtor has 12 or more creditors, the petition must be signed by a minimum of creditors.

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Equity

Ownership share in a firm.

Fixed-Income

Investments that generate a regular, fixed amount of income, typically through interest or dividends, like bonds and treasury bills.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used to determine the value of a share of investment such as in a mutual fund or ETF.

Year-End Assets

The total value of all assets owned by an entity at the end of a financial year.