If a Debtor Has Fewer Than 12 Creditors, at Least

question 13

Short Answer

If a debtor has fewer than 12 creditors, at least ______ eligible creditor(s) must file an involuntary petition.

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Definitions:

Non-par-value Share

Shares issued without a nominal or face value, with their selling price determined by the market or by the issuing company.

Distinguish

To recognize or treat as different; to make a clear separation between two or more things.

Share

The means of acquiring funds from a large number of sources to run a corporation; an interest in a corporation held by an investor.

Preferred Shares

A type of stock that provides dividends to shareholders before common stockholders and may have preferential treatment in asset distribution upon liquidation.