Question: You start an enterprise to create, develop, and sell video games. But you have an inadequate business plan and lack sufficient financing. Your attempt to

You start an enterprise to create, develop, and sell video games. But you have an inadequate business plan and lack sufficient financing. Your attempt to cover these mistakes by maxing out credit cards and failing to pay bills only leads to more debt. You have a total of ten unsecured creditors, including Grouper & Halibut, Accountants, whom you owe $15,000.

Question:

Can Grouper & Halibut file an involuntary Chapter 11 bankruptcy petition against you? Why or why not?Explain!

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