Narco is in serious financial difficulty and is unable to meet current unsecured obligations of $30,000 to some 14 creditors who are demanding immediate payment. Narco owes Johnson $5,000, and Johnson has decided to file an involuntary petition against Narco. Which of the following is necessary for Johnson to file validly?

a. Johnson must be joined by at least two other creditors.

b. Narco must have committed a fraudulent act within one year of the filing.

c. Johnson must allege and subsequently establish that Narco’s liabilities exceed its assets upon fair valuation.

d. Johnson must be a secured creditor.