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Bankruptcy
Sonia’s Sorrows
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Sonia, a book dealer, has the following assets: a building worth $155,000, amounting to $32,500 due within the next three months, and $25,000 in the bank. Sonia’s sole is a $300,000 note due tomorrow, and she is unable to pay it. Can Sonia be forced into involuntary under the Bankruptcy Code?
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