Where the Debtor Has Fewer Than Twelve (12) Creditors, How

question 16

Multiple Choice

Where the debtor has fewer than twelve (12) creditors, how many must sign an involuntary petition?

• A) one (1), assuming that the creditor's unsecured claim is at least $13,475
• B) one (1), assuming that the creditor's secured claim is at least $13,475
• C) three (3), assuming that the creditors' unsecured claims total at least $14,575
• D) three (3), assuming that the creditors' secured claims total at least $14,575

---

Definitions:

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing behaviors.

Co-Branding

A strategy in which two or more companies issue a single product in an effort to capitalize on the equity of each company’s brand.

Negative Publicity

Unfavorable media coverage or public opinion, which can harm a business or individual’s reputation and image.

Private Label Brands

Brands owned by a retailer or supplier but manufactured by a third party, normally sold exclusively in the brand owner's stores.