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Chapter 11 bankruptcy proceedings may be initiated by ____ or more of its unsecured creditors...

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Question

Accounting

Chapter 11 bankruptcy proceedings may be initiated by ____ or more of its unsecured creditors who have aggregate claims of at least ____.

Answer:

a. 2, $1,000

b. 2, $5,000

c. 3, $ 500

d. 3, $5,000

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