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Ajax,IncHas Accumulated Debts That It Is Unable to Pay

Question 84

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Ajax,Inc.has accumulated debts that it is unable to pay.The company has four creditors who hold security provided by Ajax and are valued as follows: Ace ($6,000),Crest ($3,000),Maxton ($8,000)and Interon ($9,000).Which of these creditors will be able to successfully file a petition for involuntary bankruptcy for Ajax?

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