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

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Definitions:

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Front-end Load

A sales charge or commission paid when an individual buys an investment, such as a mutual fund.

Commission

A service charge assessed by a broker or investment advisor for investment activity, such as buying or selling securities.

Asset Allocation Funds

Mutual funds that aim to provide a balanced mix of investment assets within one portfolio, typically including stocks, bonds, and cash, based on specific investment strategies or objectives.