One creditor of a debtor may file a bankruptcy petition as long as the debtor owes him more than $5,000 in unsecured claims.

Question

Quizplus · Accepted Answer

One creditor alone cannot file a bankruptcy petition against a debtor. It requires three or more creditors, or one or more creditors whose claims total more than $15,325, to jointly file the petition. The amount of debt owed is not the sole determining factor.

One Creditor of a Debtor May File a Bankruptcy Petition