Solved

The Steamboat Co

Question 11

Multiple Choice

The Steamboat Co. is Charlie's sole creditor. He owes them $6500 from his sign painting business. In order to obtain a receiving order, Steamboat must


A) make sure the debtor has committed an act of bankruptcy within the previous six months.
B) prove the facts alleged by any other petitioning creditor.
C) file a petition with the court in his (the creditor's) judicial district.
D) provide the court with the name of the appointed trustee.
E) comply with all formalities required by the federal Bank Act.

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