Which one of the following is a requirement that must be met before an involuntary bankruptcy petition can be filed when there are at least 12 unsecured creditors?
A) The petition must be filed by all creditor(s) to whom the debtor owes at least $15,325.
B) The petition must be signed by creditor(s) with unsecured debts of at least $5,000.
C) The petition must be signed by a majority of the creditor(s) .
D) The petition must be signed by creditor(s) to whom the debtor owes more than half of its debts.
E) The petition must be signed by at least three creditors with unsecured debts of at least $15,325.
Correct Answer:
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