To Qualify to Make a Creditor's Petition, Which of the Following

question 31

Multiple Choice

To qualify to make a creditor's petition, which of the following requirements need not be satisfied?

• A)The creditor needs to be owed the statutory minimum amount of money.
• B)The debtor must have committed an 'act of bankruptcy'.
• C)The act of bankruptcy must have occurred within the last 6 months.
• D)The creditor making the petition must be a secured creditor.

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Definitions:

Add

To add means to combine or join something with another, resulting in an increase in quantity, number, or significance.

Simp

A slang term used to describe someone who performs excessive sympathy or attention towards another person, typically someone they're interested in, often disregarding their own needs or interests.

Conj

Short for "conjunction," it refers to a logical connector that combines two statements in such a way that the combined statement is true only if both individual statements are true.

Add

The mathematical process of finding the total or sum by combining two or more numbers.