A Creditor May Not File an Involuntary Petition Against a Debtor

question 19

True/False

A creditor may not file an involuntary petition against a debtor if the creditor's claim is the subject of a bona fide dispute as to liability or amount.

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Definitions:

Dissolve

To form a solution by mixing evenly with a liquid, causing a solid to become incorporated into the liquid so it becomes homogeneous.

Precipitate

A solid substance that forms in a solution through a chemical reaction and settles out of the solution.

Conduct

To transmit or facilitate the transfer of something, such as electricity or heat, or to carry out a particular action or task.

Ionic Compounds

Chemical compounds composed of ions held together by electrostatic forces known as ionic bonding.