_____ Which of the following situations is required for an involuntary bankruptcy petition to be filed?
A) The majority of the creditors as to the amount of the unsecured liabilities must sign the petition.
B) The majority of the creditors as to the number of unsecured creditors must sign the petition.
C) Creditors must be owed at least $5,000.
D) A custodian cannot have been appointed or have taken possession of the debtor's property within 120 days before the date of the filing of the petition.
E) None of the above.
Correct Answer:
Verified
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