In a recent decision, the Bankruptcy Appellate Panel for the Ninth Circuit addressed a significant issue concerning involuntary bankruptcy petitions under Chapter 7 of the Bankruptcy Code. The case, Wolverine Endeavors VIII, LLC v. Carole D. King, delved into whether fully secured, nonrecourse creditors should be counted when determining the number of creditors an allegedContinue reading “Counting Fully Secured Creditors in Involuntary Bankruptcy”