Question: Brenner Corporation is trying to avoid bankruptcy but its four creditors are trying to force Brenner into bankruptcy. The four creditors are owed the following
Brenner Corporation is trying to avoid bankruptcy but its four creditors are trying to force Brenner into bankruptcy.
The four creditors are owed the following amounts:
Anteed Corporation - $7,000 of unsecured debt Bounty Corporation - $5,000 of unsecured debt and
$8,500 of secured debt Courtney Corporation - $2,000 of unsecured debt Dauntless Corporation - $1,000 of unsecured debt Which of the creditors must sign the petition to force Brenner into bankruptcy?
a. Bounty is sufficient.
b. At least Anteed and Bounty are needed.
c. At least Bounty, Courtney, and Dauntless are needed.
d. All of these four creditors are needed.
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