In which of the following does the creditor start legal procedures?
A) debtor initiatives
B) voluntary bankruptcy
C) involuntary bankruptcy
D) creditor restructuring

Question

Quizplus · Accepted Answer

Involuntary bankruptcy is a legal process initiated by creditors against a debtor who owes them money but has not paid. It is filed in court and can lead to the liquidation of the debtor's assets to pay off the debts owed. The other options do not involve the legal procedures initiated by the creditor.

In Which of the Following Does the Creditor Start Legal