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Equity Can’t Alter the Three Petitioning Creditors Requirement, First Circuit Rules

Even if a debtor has committed fraud, at least three creditors still must join an involuntary petition if the debtor has 12 or more creditors.

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Opinion Link

Case Details

Case Citation

Popular Auto Inc. v. Reyes-Colon (In re Reyes-Colon), 17-1971 (1st Cir. April 24, 2019)

Case Name

In re Reyes-Colon

Case Type

Consumer
Court