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'Watch Your Attitude, Petitioning Creditors!'

The Bankruptcy Code contains relatively clear and straightforward requirements and standards regarding the eligibility of creditors to file an involuntary bankruptcy petition against a debtor, as well as when an order for relief on such petition shall be ordered by the court. If such criteria are met, do the creditors' intentions, which are not specifically referenced in this context in the statutory framework, come into play at all?

11 minute read May 01, 2016 at 12:00 AM
By
Joel H. Levitin and Richard A. Stieglitz Jr.
'Watch Your Attitude, Petitioning Creditors!'

The Bankruptcy Code contains relatively clear and straightforward requirements and standards regarding the eligibility of creditors to file an involuntary bankruptcy petition against a debtor, as well as when an order for relief on such petition shall be ordered by the court.

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