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Sly has serious financial problems and is unable to meet current unsecured obligations of $ 6 5 , 0 0 0 to 1 9 creditors
Sly has serious financial problems and is unable to meet current unsecured obligations of $ to creditors who are demanding immediate payment. Sly owes Kane $ and Kane has decided to file an involuntary petition in bankruptcy against Sly Which of the following is necessary in order for Kane to validly petition Sly into bankruptcy?
A Kane must allege and establish that Slys liabilities exceed the fair market value of Slys assets.
B Kane must be joined by at least two other creditors and, in the aggregate, be owed at least $
C Sly must have committed an act of bankruptcy within days of filing.
D Kane must be a secured creditor.
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