An Involuntary Bankruptcy Petition Can Be Filed If

Multiple Choice

An involuntary bankruptcy petition can be filed if:

A) the debtor is transferring unsecured assets to a third party for less than value.
B) creditors have total outstanding debt of at least $5,000.
C) there are more than 12 creditors and two of them are participating in the involuntary petition.
D) no custodian is appointed to take charge of substantially all of the debtor's property.