The Creditors of Sara Delano Have Petitioned for Involuntary Bankruptcy

question 20

Essay

The creditors of Sara Delano have petitioned for involuntary bankruptcy proceedings against her. Delano has been consistently late in paying her obligations for the past year. Two months before the petition was filed, a custodian was appointed to protect Delano's property. In her statement contesting the bankruptcy petition, Delano pointed out that she had dealt in good faith and could not be shown to be guilty of any act of misconduct. In addition, she cited her willingness to allow a custodian to be appointed as an indication of her intention to avoid bankruptcy and honor her obligations. Can she prevail?

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Definitions:

Air Temperatures

The measure of how hot or cold the atmosphere is at a specific time and place.

Global Warming

refers to the long-term rise in Earth's average surface temperature due to human activities, especially fossil fuel burning, which adds heat-trapping gases to Earth's atmosphere.

Desert Varnish

A dark, glossy coating found on the surface of rocks in arid environments, formed by microbial activities and the deposition of minerals.

Pediment

A gently sloping rock surface found at the base of mountains in arid and semi-arid environments, formed by the erosion of overlying rock and sediment.