If the Debtor Is Generally Not Paying Debts as They

question 19

True/False

If the debtor is generally not paying debts as they become due, the debtor may be subject to an involuntary bankruptcy petition.

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Definitions:

Creditor

An individual or institution to whom money is owed by a debtor or borrower.

Enforce a Lien

The legal process by which a creditor seeks to claim possession of a debtor's property to satisfy a debt.

Deficient Work

Work that fails to meet the required standards or contractual obligations.

Possessory Lien

The right of a person or entity to retain possession of a property belonging to another until a debt owed by the property owner is paid.