Which One of the Following Is a Requirement That Must

question 64

Multiple Choice

Which one of the following is a requirement that must be met before an involuntary bankruptcy petition can be filed when there are at least 12 unsecured creditors?

• A) The petition must be filed by all creditor(s) to whom the debtor owes at least $15,325.
• B) The petition must be signed by creditor(s) with unsecured debts of at least $5,000.
• C) The petition must be signed by a majority of the creditor(s).
• D) The petition must be signed by creditor(s) to whom the debtor owes more than half of its debts.
• E) The petition must be signed by at least three creditors with unsecured debts of at least $15,325.

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Definitions:

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