Involuntary Bankruptcy as a Collection Tool

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Although the tactic does not receive much publicity, the filing of an involuntary bankruptcy petition against a business debtor can be an effective collection tool under the right circumstances. Learn the requirements and risks in case a situation calling for this remedy arises one day.

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Published In: Bankruptcy Updates, Business Organization Updates, Civil Procedure Updates, General Business Updates, Construction Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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