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

question 32

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 $15,325
• B) one (1), assuming that the creditor's secured claim is at least $15,575
• C) three (3), assuming that the creditors' unsecured claims total at least $14,425
• D) three (3), assuming that the creditors' secured claims total at least $15,575

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Definitions:

Gustav Theodor Fechner

A German philosopher, physicist, and experimental psychologist, known as a founder of psychophysics, which quantifies the relationships between physical stimuli and the sensations and perceptions they affect.

Psychophysics

The branch of psychology that studies the relationships between physical stimuli and the sensations and perceptions they produce.

Psychological Sensation

The initial process of detecting and interpreting environmental stimuli through the senses.

Perception

The process of organizing, identifying, and interpreting sensory information to represent and understand the environment around us.