Myth Busters: Involuntary Bankruptcy Cases Special Edition:
So exactly how many petitioning creditors are needed to file an involuntary petition? Â How does an alleged debtor know if he or she has twelve or more qualified creditors? Â And can an involuntary case be dismissed based on a petitioning creditor's bad faith, even if the other elements under section 303 are satisfied? Â These are the kind of questions, myths, and urban legends that will be put to the test during April CLE lunch. Â Find out whether these "myths" about involuntary bankruptcy cases are true and which ones are not.