Which of the following is NOT a requirement for an involuntary Chapter 7 bankruptcy petition?
A) The debtor must owe at least $50,000 in unsecured claims to the creditors who file.
B) The debtor must have at least two creditors join in the petition if the debtor has 10 or more creditors.If the debtor has fewer than 10 creditors, any single creditor or group can file a petition.
C) The debtor's debts must be secured.
D) None of the above is a requirement for an involuntary Chapter 7 bankruptcy petition.
Correct Answer:
Verified
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