An Involuntary Bankruptcy Petition Can Be Filed If

question 41

Multiple Choice

An involuntary bankruptcy petition can be filed if:

• A) the debtor is transferring unsecured assets to a third party for less than value.
• B) creditors have total outstanding debt of at least $5,000.
• C) there are more than 12 creditors and two of them are participating in the involuntary petition.
• D) no custodian is appointed to take charge of substantially all of the debtor's property.

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Definitions:

American Women

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American Way of Life

A phrase referring to the lifestyle and cultural norms prevalent in the United States.

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A pivotal series of events and efforts, primarily during the 1950s and 1960s in the United States, aimed at ending racial segregation and discrimination against African Americans and securing legal recognition and federal protection of the citizenship rights enumerated in the Constitution and federal law.

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