Dave,who is in financial trouble,has ten creditors.An involuntary bankruptcy petition against Dave requires that three of these creditors sign.

Name: Dave,who is in financial trouble,has ten creditors.An involuntary bankruptcy petition against Dave requires that three of these creditors sign.
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Question

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If a debtor has 12 or more creditors,an involuntary petition to declare him bankrupt must be signed by at least 3 creditors.

Dave,who Is in Financial Trouble,has Ten Creditors