If there are twelve (12) or more creditors, at least __________ of those creditors whose unsecured and undisputed claims total __________ or more must sign the involuntary petition.

Question

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Three (3) creditors whose unsecured and undisputed claims total $15,325 or more must sign the involuntary petition if there are twelve (12) or more creditors. This requirement ensures that the petition is not filed frivolously and that there is significant creditor support for the action.

If There Are Twelve (12) or More Creditors, at Least