Lulu joins with other creditors to force Mikhail,a debtor,into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to

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The goal of bankruptcy law is to provide equitable treatment to all creditors in the competition for debtor assets. This means that all creditors should have a fair chance of recovering their due amounts from the limited assets of the debtor. Bankruptcy law also aims to promote the rehabilitation of insolvent debtors so that they can pay off their debts in a reasonable timeframe. It does not ensure that creditors will continue to lend to insolvent debtors, protect creditor assets from diminution in value, or make all debtor property available for creditor claims.

Lulu Joins with Other Creditors to Force Mikhail,a Debtor,into Bankruptcy