Jun-seo owes $20,000 in unsecured claims to 15 different creditors,and he has generally not been paying debts that are due.Two of Jun-seo's creditors want to force him into bankruptcy by filing an involuntary petition;the other creditors do not agree.Which of the following statements is correct about this situation?
A) An involuntary petition cannot be filed because Jun-seo is not that deeply in debt.
B) An involuntary petition cannot be filed because not enough creditors want to force Jun-seo into bankruptcy.
C) An involuntary petition can be filed because Jun-seo is not making his payments in a timely way.
D) An involuntary petition can be filed because any one of Jun-seo's creditors can force him into bankruptcy.
Correct Answer:
Verified
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