Before creditors can petition a debtor into bankruptcy, they must be able to show that at least

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Before creditors can petition a debtor into bankruptcy, they must be able to show that at least one of the ten acts of bankruptcy has been committed by the debtor. Review the events in the Hometown situation and identify any possible acts of bankruptcy. Do the 10 types have a common theme? Should it be obvious to a debtor such as Hometown that such conduct is inadvisable? When the debtor has committed an act of bankruptcy, at what point should the creditors act upon it?
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Canadian Business & the Law

ISBN: 978-0176501624

4th edition

Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz

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