Which of the Following Is a Requirement for an Involuntary

question 45

Multiple Choice

Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition?

• A) The debtor must owe at least $150,000 in unsecured claims to the creditors who file.
• B) The debtor must have at least three creditors join in the petition if the debtor has 12 or more creditors. If the debtor has fewer than 12 creditors, any single creditor or group can file a petition.
• C) The creditors must have tried to help the debtor overcome the financial difficulties.
• D) The debtor must have a majority of the creditors file the petition.

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Definitions:

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured by a thermometer in units of Celsius, Fahrenheit, or Kelvin.

Concentration

The quantity of a substance within a certain volume of solution or mixture, or the process of increasing the amount of a substance in a solution.

ATP

Adenosine triphosphate, a nucleotide that serves as the primary energy carrier in cells, providing energy for many biochemical cellular processes by undergoing enzymatic hydrolysis.

Chemical Energy

The potential of a chemical substance to undergo a transformation through a chemical reaction or to transform other chemical substances.