The creditors of Sara Delano have petitioned for involuntary bankruptcy proceedings against her. Delano has been consistently
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The creditors of Sara Delano have petitioned for involuntary bankruptcy proceedings against her. Delano has been consistently paying her obligations on time for the past year. However, business was turning bad. Two months before the petition was filed, Delano refused a demand by her creditors that a custodian be appointed to protect Delano's property. In her statement contesting the bankruptcy petition, Delano pointed out that she had dealt in good faith and could not be shown to be guilty of any act of misconduct. Can she prevail?
Related Book For
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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