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Forcing Customers into Bankruptcy
Many creditors consider an involuntary bankruptcy filing to be the ultimate threat in dealing with an uncooperative debtor. An involuntary bankruptcy filing will almost certainly enable creditors to gain more control over the actions and the affairs of the delinquent debtor. An attorney can help creditors to understand whether or not a debtor qualifies for involuntary bankruptcy. An attorney can also advise a creditor considering an involuntary filing about how to approach other creditors to discuss the possibility of an involuntary bankruptcy filing. It is important to remember that the outcome of an involuntary bankruptcy is always uncertain. For this reason, an involuntary filing should be considered only as a last resort.
(c) 2011 Michael C. Dennis