Banking Law Journal
The new Bankruptcy Code has relaxed the requirements for creditors who wish to successfully commence an involuntary bankruptcy case. All ramifications of these requirements are explained by the authors in detail. In addition, they consider the basic issue of whether a general creditor should opt for forcing a debtor into bankruptcy by filing an involuntary petition. The authors examine the advisability of alternative courses of action, as well as the risks creditors should weigh before filing an involuntary petition.
Benjamin Weintraub and Alan N. Resnick,
Involuntary Petitions Under The New Bankruptcy Code, 97 Banking Law Journal 292
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