Creditors of Northern Hydraulics file an involuntary bankruptcy petition against the company,and the petition is approved.What is true of Northern Hydraulics?
A) Northern Hydraulics has at least $10,425 in debts.
B) There are at least 12 creditors.
C) A custodian has automatically been appointed.
D) It must make all the filings necessary under a voluntary petition.
Correct Answer:
Verified
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