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Michael is unable to meet current unsecured obligations of $50,000 to 18 creditors who are demanding immediate payment. Michael owes Horace $5,000, and Horace has

Michael is unable to meet current unsecured obligations of $50,000 to 18 creditors who are demanding immediate payment. Michael owes Horace $5,000, and Horace has decided to file an involuntary petition for bankruptcy against Michael. To avoid dismissal of the petition, Horace must

Question 24 options:

A) Be joined by at least two other creditors.

D) Be joined by a secured creditor.

B) Prove that Michael cannot pay his debts as they become due.

C) Prove that the fair value of Michaels debts exceeds the fair value of Michaels assets.

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