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Hear this out loud PauseA Defendant can file with the Court an Answer (CRCCP Form 3) in writing stating their defense(s), and if applicable, a counterclaim and any allegations with regard to the Plaintiff. any claims against the Plaintiff that the Defendant might have. the Summons. answer or counterclaim fee.
An involuntary case may be commenced only under chapter 7 or 11 of this title, and only against a person, except a farmer, family farmer, or a corporation that is not a moneyed, business, or commercial corporation, that may be a debtor under the chapter under which such case is commenced.
Most bankruptcy cases pass through the bankruptcy process with little objection by creditors. Because the bankruptcy system is encoded into U.S. law and companies can prepare for some debts to discharge through it, creditors usually accept discharge and generally have little standing to contest it.
Hear this out loud PauseLimitations on Involuntary Bankruptcy If the debtor has more than 12 unsecured creditors, meanwhile, at least three of them must participate in the bankruptcy petition, and they must meet a threshold amount of unsecured debt as a group, which also increases periodically.