Problem

Which of the following is the minimum limitation necessary for filing an involuntary ban...

Which of the following is the minimum limitation necessary for filing an involuntary bankruptcy petition in connection with a company that has 57 unsecured creditors?

a. The signature of 12 creditors to whom the debtor owes at least $14,775 in unsecured debt.

b. The signature of six creditors to whom the debtor owes at least $20,000 in unsecured debt.

c. The signature of three creditors to whom the debtor owes at least $15,325 in unsecured debt.

d. The signature of nine creditors to whom the debtor owes at least $25,000 in unsecured debt.

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