Friday, October 24, 2014 3:31:10 PM
I believe their are enough corporate creditors and personal creditors of Peter's that involuntary bankruptcy filings are realistic. Also, the initial required three should be judgement creditors (claims already adjudicated in court as to validity) since these judgement claims cannot be disputed. Bankruptcy filings will be a public record and the courts will notify all creditors, shareholders, and others that have an interest.
Bankruptcy judges are paid partially by the amount of assets that are discovered and recovered from the debtor that may be hiding assets. Bankruptcy judges are also very skilled at perjury claims and having debtors sit in jail until they tell the truth.
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