Question: Henry starts an enterprise to create, develop, and sell video games. However, Henry has drafted an inadequate business plan and lacks sufficient financing. Henry's attempt
Henry starts an enterprise to create, develop, and sell video games. However, Henry has drafted an inadequate business plan and lacks sufficient financing. Henry's attempt to cover these mistakes by maxing out his credit cards and failing to pay bills only leads to more debt. Presently, Henry has a total of ten (10) unsecured creditors, including his accountant, John, whom he owes $25,500. Can John file an involuntary Chapter 11 bankruptcy petition against Henry? Why or why not?
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