Creditors with Partially Disputed Claims Have Standing to File an Involuntary Bankruptcy
Section 303 of the Bankruptcy Code provides a unique remedy to unsecured creditors seeking to collect their debts against an insolvent entity. A careful look at this remedy is contained in an earlier post, entitled Creditors’ Strategic Use of Involuntary Bankruptcy. In summary, pursuant to section 303, three unsecured creditors, with claims in the aggregate of […]
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