New York Summons to Debtor in Involuntary Case - B 250E

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This form is a summons to the debtor in an involuntary bankruptcy case. A motion or answer must be filed within 20 days after the service of the summons.

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Limitations 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. Involuntary Bankruptcy Filings & Legal Requirements - Justia justia.com ? bankruptcy ? involuntary-bank... justia.com ? bankruptcy ? involuntary-bank...

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. 11 U.S. Code § 303 - Involuntary cases | LII / Legal Information Institute cornell.edu ? uscode ? text cornell.edu ? uscode ? text

An order for relief will be entered if the debtor does not contest the involuntary petition or, if the debtor contests the involuntary petition, an order for relief will be entered if (1) the court determines that the debtor is not paying its undisputed debts as they come due, or (2) a custodian (other than a trustee, ...

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New York Summons to Debtor in Involuntary Case - B 250E