Involuntary Bankruptcy Might Not Be the Right Tool for Aggrieved Creditors
May 4, 2022
“There are certain instances in which an involuntary bankruptcy petition may be appropriate. However, prior to filing an involuntary petition, creditors and counsel need to have a good understanding of the debtor’s situation to make sure they have considered whether an involuntary would not be appropriate, and could instead subject them to dismissal, abstention or worse.”