Essex is in serious financial difficulty and is unable to meet current unsecured obligations of $40,000 to

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Essex is in serious financial difficulty and is unable to meet current unsecured obligations of $40,000 to some 20 creditors, who are demanding immediate payment. Essex owes Stevens $5,000, and Stevens has decided to file an involuntary petition against Essex. Can Stevens file the petition?

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Andersons Business Law and the Legal Environment

ISBN: 978-0324786668

21st Edition

Authors: David p. twomey, Marianne moody Jennings

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