On June 25, 2008, JHT Holdings, Inc., a Kenosha Wisconsin-based package delivery service, filed
for bankruptcy. The firm had annual revenues of $500 million. What would the firm have to demonstrate for its petition to file for bankruptcy to be accepted by the bankruptcy court?

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The Answer of  On June 25, 2008, JHT Holdings, Inc., a Kenosha Wisconsin-based package delivery service, filed
for bankruptcy. The firm had annual revenues of $500 million. What would the firm have to demonstrate for its petition to file for bankruptcy to be accepted by the bankruptcy court?